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AMBUJA CEMENTS LTD Analysis 04/03/2021

Long
AMBUJA CEMENTS LTD (NSE:AMBUJACEM)  
BitonGroup Updated   
NSE:AMBUJACEM   AMBUJA CEMENTS LTD
Fibonacci Trend Lines Economic Cycles milo biton ambujacement ambuja AMBUJACEM ambujaanalysis ambujacements ambujacementoptions ambujacementsltd
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fibonacci trendline economiccycle milo biton ambujacement ambuja ambujacem ambujaanalysis ambujacements ambujacementoptions ambujacementsltd
as we can see the price is renege Bounding in an ascending Paralleled Chanel where as the Fibonacci Projection shows some confluences with the Top Red Trendline which is the long term trend line and can be used as a resistance area.
we can be optimistic about 1 TP , which is 161.8% i.e Extension Level of the same Fibonacci projection and if triggered and show some candle pattern and the resistance turned to Support, then we can target the 261.8% of the same which is 3TP
Trade closed: target reached:
All 3 Targets Plus the Ultimate 4 Target got Achieved
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