Ambuja Cement: RSI Divergence observed
Ambuja cement
The stock has seen a fantastic rally in the last month
However, currently we observe RSI divergence. Stock may come down to 426/415 odd levels.
Given the set up, one may consider to sell Ambuja Cement 480 Call Option
The strategy gives protection for a rise up to 487.60 till expiry.
For risk management purpose, exit if Ambuja Cement closes above 466 on daily chart.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- 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
The stock has seen a fantastic rally in the last month
However, currently we observe RSI divergence. Stock may come down to 426/415 odd levels.
Given the set up, one may consider to sell Ambuja Cement 480 Call Option
The strategy gives protection for a rise up to 487.60 till expiry.
For risk management purpose, exit if Ambuja Cement closes above 466 on daily chart.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- 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
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