Ambuja Cement is showing a Higher High (HH) and Higher Low (HL) structure, indicating a strong bullish trend. The current price stands at ₹588.50.
Based on the ICT method, the 0.78% retracement level acts as a demand zone during counter-trend moves. Previous projections have been:
₹477 → ₹582 (achieved)
₹505 → ₹582 (near target)
₹529 → ₹582+ (achieved)
Looking ahead, the next potential entry levels are ₹576 and ₹553, with targets at the recent swing high of ₹625. If the rally continues, the extended target could be ₹670.
The ICT method helps in identifying predefined entry and target points, with stop-losses conveniently placed at the recent swing low + buffer. This approach offers excellent risk-reward ratios of 1:8 to 1:10.
To learn more about the ICT method, join our exclusive webinar at Alice Blue website.
Disclaimer: lnkd.in/gJJDnvn2
Based on the ICT method, the 0.78% retracement level acts as a demand zone during counter-trend moves. Previous projections have been:
₹477 → ₹582 (achieved)
₹505 → ₹582 (near target)
₹529 → ₹582+ (achieved)
Looking ahead, the next potential entry levels are ₹576 and ₹553, with targets at the recent swing high of ₹625. If the rally continues, the extended target could be ₹670.
The ICT method helps in identifying predefined entry and target points, with stop-losses conveniently placed at the recent swing low + buffer. This approach offers excellent risk-reward ratios of 1:8 to 1:10.
To learn more about the ICT method, join our exclusive webinar at Alice Blue website.
Disclaimer: lnkd.in/gJJDnvn2
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.