Ambuja Cement

12 Jul 2022

This stock has completed 4th wave on daily time frame, and now possibly we are in 5th wave, once resistance trendline is broken then it would be a good trigger point to go long, stock had reached that trendline and currently trying to break, once it's broken, then bulls can take charge, also trend indicators and wave counts are suggesting to go long.

Overall wave structure on daily time frame


Macd in daily positive crossover and Uptick and also above zero line


Macd in weekly positive crossover and Uptick and also above zero line


RSI trendline breakout on daily time frame, uptick and also above 60


Price pushing upper bollinger band to open more upside


RK's Mass psychological Cloud buy activated


Dmi adx also positive on daily time frame


Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing

22 Agu 2022

Trading ditutup: target tercapai

Target reached on 19 august