ABSLAMC has corrected almost 50% since its IPO, it's currently forming a falling wedge and breakout of which hasn't happened yet. It has also given a mother bar breakout after 6 trading session. Can give some short term upside momentum and may reach the upper trendline of falling wedge.
If it can give a successful breakout there, that can be a sign of reversal
Disclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your...
ABSLAMC BULLISH POSITIONAL TRADE
One can go long at current levels with a long term view with a Stop Loss of 480.
Positives :
1.ABSL AMC is the 4th largest asset management company in India.
2.Q3 FY22 Operating Revenue is at Rs. 3,343 million up 20% YoY.
3. Q3 FY22 Operating Profit before Tax (excluding other income) is at Rs. 2,302 million up 53% YoY.
4. Ratio...
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
ABSLAMC looks to be in accumulation on 1 hour time frame.
Will be a good long on pattern breakout with SL below previous swing.
Points of concern:
*Time frame is small
*Stock got listed very recently and it's behaviour is yet to be known.
Can buy AMSLAMC near 600-610 for a 35% move till Sept 2022. Base formation is on the way wait for volumes to dry up before buying. waek hands are been shaken out.
Disclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios and I am already holding this stock. So don't influence yourself from this research. Please note before investing according to this educational research, please do own...
