Hello All !!
Back Again With a New Stock Alert ...
AMBUJA CEMENTS LTD.
This is a Daily Time Frame Chart
AS We Can See ... The Stock was in Downtrend since Last Aug, Almost 12 Months done.. The Stock made a Low around March 22 and Started Reversal. Retesting The Falling Trendline again and again.
Finally The Stock is Able to Cross and Breakout From the Falling Trendline after almost 1 year and Now Trading Near The Important resistance of 384-385 zone. This Level is working Strong since a long time and We Can See The Consolidation with smaller Candles near the Resistance after Falling Trendline Breakout and before That from the Support of 359 levels.
The Stock is Making a Bullish Reversal Pattern of Cup and Handle While breaking Out of the Falling Trendline. The Cup and Handle Neckline is Placed around 384 Levels. We are About to Witness a Breakout From the Bullish Formation. The Depth of the Cup is almost 100 Rs. So The Target of the Breakout comes Around 477- 480 Levels Approximately. This might be a Slow Mover and May take some Time. But For a Stock which is Under Deal from Adani Group is not Expected to Perform Slowly after the deal is Done. Investors in this Stock may be waiting for Official Announcement of the Deal and So the Stock is Moving with Smaller Candles since last few Months.
While Breaking Out from the Falling Trendline, The Stock has Crossed the Yearly Moving Average also which shows the Intentions of the Bulls for a Longer Time Frame.
The Recommendation Here is :
AMBUJA CEMENTS LTD.Recommendation : BuyEntry Level : 377-384Stoploss : Closing Below 366Short Term Targets : 411 - 422Long Term Targets : 444 - 477
We Expect These Targets to Achieve by Dec 2022.
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Disclaimer :
The Analyst is a Certified Investment Adviser and Global Market Expert having Client Base All over the World and The Clients as Well as the Adviser May Have Heavy Positions in the Recommended Stock so The View Might be biased, you May Consult Your Financial Adviser before Taking any Trading Decision and Building Portfolio Based on this Recommendation. Do Not Over Trade, Follow Risk management and All Standard Disclaimers Apply.
The Analyst Has all the Rights to be Wrong in The Analysis.
SHINDE ATUL S
Pratham Investment Managers
Global Market Expert, Certified Investment and Retirement Adviser, Fund Manager
paidsignals@gmail.com
(+91) 8275298208
now you are going to see the Flood of Recommendations in this Counter in coming days and You know the source of it
