ADSL is making Triangle Pattern, today a Green candle has given Breakout, lets see if it sustains tomorrow and move towards the target.
Only for my learning and digital records purpose.
NSE: ADSL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 13% to 20% gain on...
Adsl can look on dips around 109-106 for
tp of 250 sl 65 on closing basis
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Disclaimer : please do consult your financial advisor before any investment to subject market risk.
Key levels:
Support: 127, 110
Resistance: 154, 170
Key Description:
The stock has a moderate Market Cap of ₹809 Cr. with a current price of ₹146. It exhibits a relatively low P/E ratio of 16.6, indicating potential undervaluation compared to the industry average P/E of 41.8. The stock's book value is ₹101, and the Price to Book Value ratio is...
#ADSL #breakout #failedbreakout #breakoutstock #ascendingtriangle #patterntrading
ADSL : Ascending Triangle Breakout
>> Momentum stock
>> Probability of a Good upside due to Failed Breakout on the Downside
>> Low Risk High Reward.
Swing TradersCan Lock profit at 10% and keep trailing
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🚀 Get ready for a potential breakout on ADSL! 🚀
On August 28th, 2023, we laid the groundwork for an exciting trade opportunity as we analyzed the ADSL stock. Today, we have an update that could lead to significant gains.
Key Points:
📈 Flag Pattern: ADSL has been forming a flag pattern on its daily chart, indicating a period of consolidation after a strong...
BUY - ALLIED DIGITAL SERVICES
CMP - Rs. 143
Target - 1: Rs. 210
Target - 2: Rs. 259
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Timeframe - 1-1.5 years
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Technicals - Bullish Flag Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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All detail for chat. good entry at mark price only. and must stoploss is 110 minimum risk and good profit. risk ratio 1:1 in first target. This is not call my idea only. Please understand your risk and take full responsibility of your actions
Buy above 140 which is also a 61% level of Fibonacci. For the safer side, you can buy on the retrace.
ENTRY: 140
TARGET 1: 150
Target 2: 164
SL: 132
PRO:
- Breaking symmetrical triangle
- Broke fibbonaci 50% Level
- RSI above 50
- Breaking major resistance.
- Good volume on 12 Jul.
CONS:
- Still in a downtrend
- Higher high is still very small.
News: (27 Jun...
