AHLUCONT traded within a rising channel for almost 10 years till Mar '2020. It then took support at the lower end of the channel in Apr '20 rising from a low of 136 to CMP of 852 (gaining 525%) to form an ascending channel.
The stock has also broken out of the succeeding channel rising 25% in the ongoing Month of Nov'23 itself forming a large bullish candle.
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
#AHLUCONT trading above Resistance of 939
Next Resistance is at 1246
Support is at 632
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
#AHLUCONT trading above Resistance of 632
Next Resistance is at 939
Support is at 429
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
Chart is self explanatory.
The VCP play might work out/ might not work out - but with the kind of order book the company is winning, it seems a reasonable bet at this valuation.
Note : This is not an investment advice. This post is meant for educational purpose only. Kindly do your own due diligence before investing
- Multi year TL BO on Monthly and Weekly tf
- Cup & Handle formation
- Consolidation before BO
- Bullish RSI on all major tf
- Above all important MAs
Negatives : - Volume is not that Promising
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
NSE:AHLUCONT
This company is a engineering and contracts player in the construction space
In terms of financials the company is debt free with high ROE ROCE numbers along with good interest coverage ratio
Technical charts suggest bullishness with price nearing all time highs backed by high volume
Recent brokerage reports and ratings suggest good revenue...
AHLUWALIA CONT. Ready to start fresh rally, 2017-18 high was broken and retested the resistance level in last month. beginning of new rally can give good return in mid to long term period. Neckline will act as stoploss.
