AMBUJA CEMENT INTRADAY SET FOR 21.02.2023

So , here I share with you the strategy for Intraday Trading for AMBUJA CEMENT . On daily time frame the Stock with CMP as 352.45 has already entered the reversal pattern and has potential to go trend up till 595. On lower time frame , i.e. 15 Mins , the stock is in range. If Stock Breaks this range , as detailed in the chart , we can enter the trade with different entry levels and targets.

Remember , the Chart has just entered the uptrend and thus we shall only look for the opportunities to buy.
Our First Condition to enter the trade is Break out @ 356.75

Technical Indicators on 15 mins candle :
CMP : 352.45
MA50 : 350.07
MA200 : 352.31 ( Making Golden Cross Over)
RSI : 55.62
ADX(14) : 24.26 ( Directional Strength )
ATR (14) : 2.6 ( High Volatile )

To understand Market Structure at daily frame, please refer to the link.

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