Wednesday, August 15, 2012

sell ambuja below 197 ...

Ambuja cem
profit booking observed yesterday indicating that bears have taken its control ..
Nifty was green ...but  ambuja closed in red .
possibility of its trend reversal ..
spotted doji in extremely overbought zone ..
RSI is trading above 70...
Nice shorting opportunity..
closed at 195   sell ambuja @and below 197
positional targets  186   180 176  170  161
call duration 60 days maximum ...
stoploss 198 .60 closing basis
trail sl and hold short till 161 ....go short again below 197 if exit at stop loss
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