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
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.