Buy this fundamentally strong stock on dips. Purchase 50% at the current price and add more if it reaches 321.
Stop loss: if two consecutive daily candle closes below the support trendline.
Date : 27-Feb-2024
Rating : Buy
LTP : Rs. 387.85
Targets: (1) Rs. 419 --> (2) Rs. 492 --> (3) Rs. 532 --> (4) Rs. 639
SL : Rs. 350
Technical View:
Since SEP 2022 NSE:AWL has been in primary down trend. On 19-Feb-2024, NSE:AWL has given break out from its primary down trend with higher than average volume. RSI is above 50 and MACD is above 0. Indicating...
Stock has come under a brought zone. I may think as chart suggest, if it's give Breakout above 396, we can go for long.
So Target are T-1 427 , T-2 482, T-3 543
SL - 355.
As of above just watch this stock, entry after 396.
As all knows about adani group stocks tanked down due to hindenburg report, so, i though to share next course of action on those, follow the levels for entry, support and target. Fundamentally good stock.
