sandmehta2014

ADSL BUY, Symmetrical Triangle

Long
sandmehta2014 Updated   
NSE:ADSL   ALLIED DIGITAL SER
Buy above 140 which is also a 61% level of Fibonacci. For the safer side, you can buy on the retrace.

ENTRY: 140
TARGET 1: 150
Target 2: 164
SL: 132


PRO:
- Breaking symmetrical triangle
- Broke fibbonaci 50% Level
- RSI above 50
- Breaking major resistance.
- Good volume on 12 Jul.

CONS:
- Still in a downtrend
- Higher high is still very small.

News: (27 Jun 2022)
Allied Digital Services secured a letter of intent worth 490 million Indian rupees ($6.2 million) for the Solapur safe city project, according to a Wednesday release.
Under the contract, Allied Digital Services will be responsible for building the city's communication network, command control center, citywide surveillance system and intelligent traffic management systems.
Trade closed: stop reached:
Hit Stop Loss.
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