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AMBUJA CEMENTS LTDAMBUJA CEMENTS LTDAMBUJA CEMENTS LTD

AMBUJA CEMENTS LTD

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AMBUJACEM trade ideas

AMBUJA CEMENTS | BULLISH BREAKOUT | 15% UPSIDE POTENTIALAmbuja Cements was consolidating in an ascending triangle pattern which is typically a bullish pattern. The price broke out the ascending triangle and closed above the neckline on 22 May 2013. It is expected that price may continue to move high. Aggressive traders can enter at current market levels near 425, but the better entry point would be the retest of the broken neckline of ascending triangle which is around 415 Trade Execution plan as follows:- Entry- 413-415 Stop Loss- Daily close below 394 Target - 487 Remember to keep booking partial profits and trail your stop loss. Always follow Risk Management and Position Sizing. Let me know in comments section if you want me to analyse any other Stock, Forex Pair or Commodity or Cryptocurrency.
NSE:AMBUJACEMLong
by rohitkukreja
Ambuja Cement - a Long OpportunityHi Folks! It took 68 days for Ambuja Cement to drop below 40% from its recent major high of 598. The company had issues with Truckers and being an Adani Group company affected its prices. The current price is at a solid discount level and usually such a drop is rare. If one is willing to wait the same 68 days or more, then this stock is very likely to recover back and worst-come-worst it is very probable for the stock to increase at least 8.25% from current level which is equal to Bank FD interest rate for which one has to wait for 365 days. So if it reaches 402 it would have given FD rate return! Based on your set-up, if you see other entry parameters being met, then you may want to consider taking a long position in this stock. Always look before you leap! PriceCatch
NSE:AMBUJACEMLong
by PriceCatch