BUY AWLBuy 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.
Awlanalysis
Adani Wilmar Ltd - Breakout OpportunityDate : 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 bullish sign for coming days.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Can go long on Adani Wilmar after Breakout 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.
#ADANI WILMAR short term viewAs 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.
AWL ascending Triangle !!NSE:AWL
#NSE:AWL formed beautiful ascending triangle.
High chances to zoom once sustain above resistance. Huge targets.
