asian tiles long time bearish trend now think its be positive and trend reversal by breaking the weekly triangle pattern........only for study purpose trade at own risk...
Stock has taken multiple supports from its harmonic bat reversal zone at 150 levels
with significant bullish rsi divergence im expecting a trend reversal in the stock
stock has also formed a bullish head and shoulders pattern
trade on confiormatioon
BUY @ 150 LEVELS
SL BELOW 140
TARGET OF 30%
RR : 1:3
NSE:ASIANTILES
after long time crossing its 3 year resistance level. over weekly 100 & 2000 ema. bullish h&s breakout on weekly and daily chart. upside scope 75%. downside SL 14%
On the Day of Change. Wait for Close above 191.15 and Buy and hold with Patience, CBSL 183
Very Short Term Targets 215/234
Medium Term Targets 300/550+
Stock looks bottomed out and about to give Medium Term Buy Breakout. Strong Weekly Close above 210 would be a Buy Breakout. Buy after this Condition is met and Accumulate in Panic/Small Dips and Hold for new High above 600+ LTP 205.4 and Breakout Level 210 SL would be 130 Weekly Closing Basis.
Asiantiles looks a very good buy. Breakout on Daily with Good Volumes. Buy Above recent High 249 and On Panic and Hold Patiently, Expecting Stock to reclaim its High 600+
