Ambuja Cements : Sweet Spot Entry ?!
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We can clearly ascertain from the chart, Ambuja cement is resting on 61.8 line, trying to breakthrough, seems it's weak effort. Am expecting fresh bullish momentum to upside reaching around 250's zone with stops around 238's.
If you go more keen on 15mins you can see channel's in Ambuja, As I usually say try as per your plan, just giving out one of the ways here for Entry. You can try any method over it, if you are not well versed with channels, Go for pullback's. Have you noticed with single chart we get 3 types on entry ? there may be even more, but it depends on what method you are using.
The Sin commited by most traders here is combining all these 3 or trying more n more combo methods in name of finding high probability setup but they never realize the fact that, they are just spoiling their trade plan. Keep it simple , just stick to 1 or 2, Never confuse yourself & avoid trying to look for more & more confirmation's.
If you go more keen on 15mins you can see channel's in Ambuja, As I usually say try as per your plan, just giving out one of the ways here for Entry. You can try any method over it, if you are not well versed with channels, Go for pullback's. Have you noticed with single chart we get 3 types on entry ? there may be even more, but it depends on what method you are using.
The Sin commited by most traders here is combining all these 3 or trying more n more combo methods in name of finding high probability setup but they never realize the fact that, they are just spoiling their trade plan. Keep it simple , just stick to 1 or 2, Never confuse yourself & avoid trying to look for more & more confirmation's.
Nota
That;s nice start, will it continue upside further ? Will see...
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