Asahi India Daily [Watchlist Stock]
Updated
Running in a parallel channel. Has tried to breakout multiple times only to fall back to the demand zone.
Will it give a breakout this time? Maybe, maybe not! Should you invest? I cannot provide an answer to this. That is for you to bet on!
You can risk a small amount by trading it now or you can wait for it to break and close above level 480 to initiate a trade.
Happy Trading!
Will it give a breakout this time? Maybe, maybe not! Should you invest? I cannot provide an answer to this. That is for you to bet on!
You can risk a small amount by trading it now or you can wait for it to break and close above level 480 to initiate a trade.
Happy Trading!
Note
Entered again at the fall. Partial profit booked. This, according to me, is a long term investment. If the markets behave (should not nose dive) this should move significantly in the coming months.Note
Knowing how to read overbought zones and oversold zones makes all the difference in the world (while knowing your support and resistance areas ofcourse). You do not need to trade 20 stocks in a day. You need just 1 or mayb 2 to get an edge over other players.Other stocks to look out for - Gujgas, Gujalkali. Both, in my opinion, are consolidating to move (upwards) in the coming days.
Patience is key and I have learnt this the hard way. Also do not trade blindly. Read into a stock!
Happy trading!
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