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Tagged: AMBUJA CEMENT- DOUBLE BOTTOM
Ambuja cement formed double equivalent bottom over a period of 27 trading days showing trend reversal bullish scenario. High volume was seen during breakout.
TRADE PLAN
Sir, Please review my work and suggest where I should enter Long position. Entry 202 or 206.2 @eqsis
We did notice this, this rewarded traders…
Good work…
Hi,
Can you explain how you arrived the Target as 215?
was it because the stop loss was at 188 so you arrived at equal profit target?
Thanks in Advance
After double bottom pattern formation , the price of Ambuja cement reached as high as 236. Actually I did a forecasting ( you would have seen 2 charts ) and it is advisable to keep the risk to reward ratio as 1:1. Yes, you are right, because my stop loss was 188, my target was 215.
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