Stock Name - Ashapura Minechem Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 108
#This is not Buy and Sell recommendation to any one. This is for...
The stock is currently trending in a flag pole pattern and looks to be a good break out candidate.
Results are expected tomorrow and are expected to be good.
Other Supporting Technicals:
RSI - 64 (bullish but not overbought)
ADX - 26 (suggesting strong trend)
MACD is above its center and signal Line, this is a bullish indicator.
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn...
