The stock after breaking out of the resistance made a new all time high and it did not sustained. Eventually it took support of 200 weekly MA and formed a round base.
Volumes went dry and we can see some accumulation done while basing with nice volume spikes during an up week.
Finally it consolidated again for 15 weeks above the previous resistance and broke...
Ajmera reality to take a long entry between 345-349 for the target price between 390-400 with SL 320. Good risk to reward trade. The logic behind trade..
1) 200 EMA Support level from the entry level.
2) Bullish candle at the support level.
3) volume build-up
4) V shape recovery in RSI
This is for your educational purpose only.
Ajmera Realty, a reputable real estate company, presents a swing trade opportunity. Buy AJMERA shares between 315 to 320 and aim to sell at 340 to 360 for potential profits. As with any investment, conduct thorough research, consider market conditions, and manage risks appropriately. Consult a financial advisor for personalized guidance.
Long Ajmera Relaty to take long entry after the BO of Resistance area between 285-290 with the Target between 375-400 with the SL 250-255. stock is expected to cross 50 EMA as well as near the BO level. RSI is above 60 levels in the long-term chart monthly as well as weekly. so keep the stock in your watch list. This is for your education purpose only.
Price has broken down the wave (a) at 382.
We can see a corrective channel, which has held the corrective structure.
Wave c can travel for the following targets: 360-356-342+.
Price has also created the head and shoulders pattern, and the right shoulder has broken down the neckline.
Impulsive wave will start after the breakout of the corrective wave...
AJMERA realty did breakout at its crucial 155 resistance zone a few days ago from where it pulled back. Now seems like the pullback is complete and its heading back toward the resistance zone. We can start building bullish position, preparing for the breakout.
