Allied Digital Services Limited - Breakout Setup, Move is ON...#ADSL trading above Resistance of 271
Next Resistance is at 360
Support is at 192
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ADSL
Allied Digital Services Limited - Breakout Setup, Move is ON...#ADSL trading above Resistance of 192
Next Resistance is at 271
Support is at 153
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ANOTHER RALLY IN ADSL?"ADSL" is now getting ready for another rally in making a new ATH. There is a good short-to-mid term swing opportunity in this stock, but before this, we need to plan our entry. Two levels of entry is possible here:
a. The stock is undergoing a retracement in a lower timeframe (hourly), which should retest the previous resistance level of 254. A good entry should be at the time of retest which gives us a good risk-to-reward ratio.
b. Another entry, which is in fact a more generic and safe, is when price breaks the recent swing high of 278.
Targets are calculated using ABCD Pattern of Harmonics: In case "a", the targets are almost 27% and 35% respectively from the entry point. In case "b", the targets are almost 17% and 24% respectively.
So, keep this in your watchlist!
ADSL - Bullish Swing Reversal with VolumesNSE: ADSL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 13% to 20% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
ADSL : Swing Trade#ADSL #breakout #failedbreakout #breakoutstock #ascendingtriangle #patterntrading
ADSL : Ascending Triangle Breakout
>> Momentum stock
>> Probability of a Good upside due to Failed Breakout on the Downside
>> Low Risk High Reward.
Swing TradersCan Lock profit at 10% and keep trailing
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Disclaimer : Charts/Stocks shared are for Learning Purpose not for Trade.
#MARALOVER MARALOVERMaral Overseas Ltd.
#MARALOVER
NSE:MARALOVER
NSE:MARALOVER
CMP: 87.35
Target: 125
SL: 75
RR Ratio > 3
Time Frame < 6 Months
Almost 45% return expected.
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
allied digitalSoftware company having book value 98 which is very high and it may form double bottom if we see it in monthly time frame .
but at the end it has made 5 wave of Elliott , after the 5th wave it has formed contracting triangle . if it breaks out then buying price will be 25 rs.
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BUYING PRICE -25 ,Stoploss- 10
this triangle took 4 weeks to form. after breakout it can show a good move.
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ANOTHER VIEW
it has formed cup with handle and this formation is 1 year formation so after breakout it can give you 100% of return.