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ASAHI INDIA GLASS LTD
Long

ASAHIINDIA breakout of pennant pattern

By sumedhb100
Updated
If we take a look at weekly chart of ASAHI INDIA GLASS, it is going in smooth uptrend. In daily chart, it had formed double bottom pattern on weekly support trendline. After breaking out of this trend reversal pattern, the neckline was retested twice. While retesting the neckline, stock was forming pennant pattern in hourly chart. Today it came to apex point of pennant and price went upward sharply on the back of volume. So swing traders can find opportunities to enter this stock on pullback. Target price of Pole and Pennant pattern is coming around 540. Add this stock in watchlist without fail.
Trade active
Trade closed: stop reached
SL hit after almost achieving T1
ASAHIINDIAChart Patternsdoublebottompatternmultitimeframeanalysispoleandpennantpole_pennantTrend Analysistrendlinesuportvolumeanalysis
sumedhb100
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