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Ambuja Cement

Discussion in 'Technical Analysis' started by gambala91, Feb 18, 2013.

  1. gambala91

    gambala91 New Member

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    Hi. Shbbir.

    I like to long for Cement Ambuja at current market price. Please gives your valuable comment/advice.
     
    gambala91, Feb 18, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    I don't see this would be right time to enter into this stock because last 5 odd months this stock has formed a lower top lower bottom pattern.
     
    shabbir, Feb 18, 2013
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  3. gambala91

    gambala91 New Member

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    Thanks for your valuable advice.
     
    gambala91, Feb 18, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Feb 18, 2013
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  5. pravin_g

    pravin_g New Member

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    Hi Shabbir

    As said by you earlier, the stock is forming lower top lower bottom. This has continued for another month and stock is now very close to break the support of 180. Will it be a good idea to short this stock with SL of 189-190.

    Warm Regards
    Pravin
     
    pravin_g, Mar 18, 2013
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  6. shabbir

    shabbir Administrator Staff Member

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    Yes Pravin. This should be ideal trade in Ambuja now.
     
    shabbir, Mar 18, 2013
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  7. verenmitter2001

    verenmitter2001 Member

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    Hi shabbir
    what should be the stoploss for this.
    Regards
    veren
     
    verenmitter2001, Mar 19, 2013
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  8. shabbir

    shabbir Administrator Staff Member

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    195 to 200
     
    shabbir, Mar 19, 2013
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  9. vishuhd1

    vishuhd1 Member

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    Just to be on the safer side, Ambuja has a pretty strong resistance on the downside at around 174 levels.. This stock might bounce back from those levels.. So, keep a close watch of around 174 levels when you are shorting..
     
    vishuhd1, Mar 20, 2013
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  10. verenmitter2001

    verenmitter2001 Member

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    Thanks for your concern.
    can you share a graph image with us so as we can understsand it better.
    I am not able to conclude the levels.

    Thanks
    Veren
     
    verenmitter2001, Mar 20, 2013
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