The Right shoulder, Head and Left shoulder were identified with High volume in Left shoulder and :Low volume in right shoulder. At the Neck line cross over in the bearish direction, Short position is taken at entry point A (218.9), The stoploss is set at the high of the head as point B (241.4), the target is set at point C (196.4) (A – Risk taken). The target was reached in 1 months time.
AMBUJACEM – HEAD&SHOULDER – BULLISH REVERSAL
