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InvestSun
Sep 4, 2021 10:53 PM

Associated Alcohols & Breweries | ASALCBR Long

ASSO ALCOHOLS & BREW LTDNSE

Description

Technical:
1)Trading in Channel
2)Morning Star Candle formation at Weekly support. A good sign of reversal.
3)Daily momentum indicators also showing positive signals.

Fundamental:
1)Amazing YoY Balance sheet.
2)Increasing YoY Net Profit.
3)Increasing YoY EPS.
4)Increasing YoY ROCE.
5)Almost debt free.

Lucrative stock from Investment perspective. Study it!!
Comments
InvestSun
Still following weekly support, if we try to extend the support trendline towards left.
InvestSun
@InvestSun, given a good move towards up in weekly close.

Now, it is at weekly channel resistance, if we try to extend the weekly resistance trendline.
InvestSun
@InvestSun, Update: Gave weekly resistance channel breakout. Onwards & upwards!
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