Ambuja Cement- Three Mountains --Can it turn into Kilroy Pattern

Well from my last update- I was looking out for rising trendline to be broken for a trading opportunity-Vow, It broke There was good short term opportunity.

Going Forward- Ambuja Cement has Three Mountains Pattern in the range 277-278 - if flipped, it can turn into Kilroy Pattern(Inverted Head & Shoulder Pattern) as stated in most famous book of technical analysis by Edwards & Magee.

Either we get a break of 277-278 Neckline for Inverted H&S to get activated or breaking below 256- Three Monutains get activated- Let us wait for the time to tell us the Ambuja story.

Regards,
Abhishek H.Singh, CMT