Ambuja Cement: Chart set up and trade potential

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Ambuja Cement

- After a big euphoric rally the stock seems to be consolidating now in the yellow channel box

21 day EMA is around 500

53 day EMA is around 464 and rising by around 1 point

My trading strategy is for a range bound market scenario.
Giving a profit potential of 11% till expiry as well as keeping loss limited

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Take care & safe trading...!!!

Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nota
syot kilat

We had gone for Iron Condor strategy in Ambuja Cement

Sell 530 Call
Buy 560 Call
Sell 470 Put
Buy 460 Put

Max Net receivables - 7.5 points

The strategy is giving the desired output
AMBUJACEMCALLParallel ChannelputrangeboundSupply and DemandTrend Analysis

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