ASAHIINDIA had a brief and sudden correction 2 days ago due to the Quarterly profit not being in line with expectations.
However, today, the stock has recovered from the fall and is trading positively at the high of the day.
This indicates that sentiment is Bullish and this would be a good price to go long on a swing basis.
The higher time frames RSI also indicates bullishness with Monthly RSI & Weekly RSI being above 60 and the Daily RSI being above 50. Again, a good sign of momentum.
This weeks low can be considered as a stop for a Target to 1032 and then trail the stop thereafter. The stock is making new highs.
P.S. Not a recommendation. Please do your own due diligence.
However, today, the stock has recovered from the fall and is trading positively at the high of the day.
This indicates that sentiment is Bullish and this would be a good price to go long on a swing basis.
The higher time frames RSI also indicates bullishness with Monthly RSI & Weekly RSI being above 60 and the Daily RSI being above 50. Again, a good sign of momentum.
This weeks low can be considered as a stop for a Target to 1032 and then trail the stop thereafter. The stock is making new highs.
P.S. Not a recommendation. Please do your own due diligence.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.