INVERTED POLE FLAG IN AMBUJA CEMENT

SUMMARY
-stock has created inverted pole flag pattern which is bearish
-ultracemco results have been subdued
-all cement stocks are taking a beating
-ultracemco sets the bar
-now the stock is a high beta
-volatility is huge
-will play the stock thru options
-please wait for the stock to break and close below 500
-it will open up a move towards 470-75

AMBUJA CEMENT 500 PE
BUY@16
STOP@9
TARGET@25-30-35

DISCLAIMER
-this is my perosnal view
-trade according to your risk appetite
-manage your risk

Kommentera:

NOTE THE OPTIONS WILL GO UNDER BAN TOMORROW
TRADE ACCORDING TO RISK APPETITE

Trade stängt: målet nått:

FIRST TARGET HIT
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Trade stängt: målet nått:

SECOND TARGET HIT
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Trade stängt: målet nått:

THIRD TARGET HIT

Kommentera:

500 PE @103 NOW
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