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.
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Allieddigitalservice
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.