Today Ambuja Cements has not given any signals.
There is no valid Cross up/Down before the price crossed up/down except at the end of the session. Before end of the session, i wont trade because my trading platform doesnot allow trade.
Since Morning MACD is hovering above the line, there is no valid crossing.
Around 1:30 PM there was a crossing of MACD but that is after the price. Hence not valid for a trade.
Kindly examine the chart. It is very tempting to go for trades at two or three places. But for signal I didnot do trade.
Next week, I will go for another scrip. Also I will consider position sizing, stoploss/trailing stop loss, reversing the positions after stop loss hit by doubling the position etc etc.
The basic problem with Ambuja Cements is that it has lot of gaps in the price movements, thus forcing us to miss some golden opportunities. As per the advice of AW-10, we should look for a scrip which is going to explode next day after NR-7. But it has to be within our price range of below Rs.200/-