Aster dm spot cmp 193
inverted head and should pattern breakout and retest
hidden bullish divergence on rsi
falling trendline breakout in rsi
major elliotwave impulse wave in formation
let see whats in store,, have mentioned roadmad will keep tracking
1. The stock is trading in a ATH zone and break above 195 can ignite the stock.
2. Bullish Head & Shoulders Pattern is clearly visible and the neckline is still intact.
3. Once the Neckline is broken, it will trigger the entry and we can expect levels of 280/300 very soon, in 3 to 9 months
4. This is a weekly chart and noise in daily / hourly charts to be...
buy above 185 for Swing or positional trade
small resistance till 195.
stoploss for swing keep below trendline around 160
for positional add in dips and keep sl below 132
Positional and swing target - 210, 245, 273, 286
follow proper stoploss and risk management
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per...
ASTERDM 1DAY TF Analysis
- Riding on a trendline since May 2020 and continuously showing strong bounce on it
- Rising in a channel from past 3 months
- If follow the same pattern can soon touch the major resistance levels of 180 by September or before
Support & Resistance
-Major Resistance of 175 - 180 Levels
-Minor Support of 140,150 and a Major Support of 130 Levels
Aster DM looks good for a further upmove from the current levels
Levels are mentioned in the chart
Try to enter near the base of the triangle
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CMP - 164
The stock has broken the resistance and retested it today, now I am anticipating that it will touch the 180. The view invalidation level is 152.
The analysis is just for educational purposes, please contact your financial advisor before making any trade.
Short Term Earnings
Target : 173.15
SL : 148
Timeframe < 45 Days
Can hold for longer time
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
TREND ANALYSIS & TRADE SETUP !
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 8-10 times .