Alkyl Amines always takes support near 50 DMA and moves up. Present reversal is near 50 DMA. Can buy some at this level and more if it comes close to 50 DMA. This is analysis only based on simple trend and not recommendation.
Affle has been in a price and time correction from a long time.
1. 50 DMA reclaimed with good volumes
2. Trendline broken and sustained.
3. Consistent Exceptional results from the company.
Promoters decreasing their stake
Stock in NSE ASM list , hence in trade-to-trade category with dried volumes.
Stock is ready to be bought, but...
Looking at the above Daily chart of the Nifty 50 index, it is clearly observable that the index is in an uptrend. Not just that, the 50DMA (red) is above the 100DMA (purple) which is above the 200DMA (green), indicating strong bullish trend in place.
Since Mar 2020, at four different instances (as highlighted in the chart), the index has taken support at one or...
200% prior move and then its testing 50 DMA for first time.
So its tradable as pullback as well as high tight flag.
7 weeks cup and handle.
Though proper entry will be above 129, but if it closes above 124-25 with significant volume, aggressive buy can be initiated.
Target will be 140 and 158 i e horizontal S/R.
ICICI Bank has taken support from 50 DMA continuously.
Looks good for going long on the long term horizon.
Buy Aug Futures at CMP for targets of 360, 370, 375 with SL at 340.
(Adjust for Future Prices)
Go Long on August Expiry Slightly OTM options