CLOSED

AMBUJACEM
Manually Closed

296.2 2.49%
Close Price
(2021-03-25 06:04:59)
289
Entry Price
(2021-03-05 13:45:00)
330
Target Price
 
270
Stoploss
 
Enter below 289 | Created on 2021-03-05 08:07:04 and valid till 2021-05-13 18:30:00

Trade rationale

Other – Study mentioned in Notes Below

I have created an equal-weight cement index. It has broken above its 3-year base and continues to maintain relative strength w.r.t Nifty 50. Now Ambuja cement is still below its long-term base and I'm expected a rise after the breakout. Currently, I have created a minimum position and an additional quantity can be added after the breakout confirmation.