#AMB
The price reached the support level at the lower border of the ascending triangle
The price is expected to bounce up again and break the pattern upward
Current price is 0.00694
The first target is 0.00809
The second goal is 0.00930
The third goal is 0.01040
The fourth goal is 0.01227
Price has been in an Upmove since its reacted to a Weekly Demand formed @ 374.80 and the Opposite Resistance is @ 470.00
Yesterday Price made a new high of 412.00 and has retraced back into a 4H Potential Demand, When the proce reacts to Weekly Demands it forms 4H demands on its way towards the target, so we have one more chance to enter the Trade.
ENJOY THE...
Price is in Daily Demand with an amazing Risk Reward and support is from a Weekly Demand which is also a Valid Demand,
Hence can experience an extraordinary high volume in Buying!!!
ENjoy !!! CHeers !
We can enter on NSE:AMBUJACEM once price retest support of 516 with stop loss of 505 (-11 Points). I can expect up side level of 534 (+18 Points).
Note: This is my personal analysis, only for learning. Thanks.
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...
this is my personal analysis of a mid cap bullish stock
i am not joking i traded this stock multiple times the arrow of ups and downs most give the return of more then (20-30)% each time
i suggest you to have a look at the stock and follow your analysis
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thanks
SL: @60
God bless you
