ASAHIINDIA Bullish; above 606 on Monday 18 Sep
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1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice)...
BUY - ASAHI INDIA GLASS
CMP - Rs. 594
Target - 1: Rs. 692
Target - 2: Rs. 830
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Timeframe - 4-8 months
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Technicals - Bullish Triangle Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Major hurdle is between 500 ~530 levels. above this is strong bullish and target would be 15~20% up. Below these levels it may show some corrections or will be sideways.
In the Weekly Chart of ASAHIINDIA ,
we can see that; Decision making Candle is formed near Trendline breakout.
Possible momentums are shown in chart.
Enter on breaking its HIGH with LOW as SL.
In this analysis, we will explore the chart of ASAHIINDIA, focusing on the breakout of a falling weekly trendline, recent divergence, positioning relative to key moving averages, and the company's market share in the automotive glass industry. By examining these technical and fundamental aspects, we aim to provide insights into the stock's current situation and...
ASAHIINDIA
Red is 20EMA
Green is 200EMA
Market is still in Downtrend only Above 200EMA will it be UPtrend
Take Support in Trendline
So Entry - 445-455
SL- candle close below trendline (or)- 440
TGT-498,530,652,690
EXIT
1ST TGT With SL
TGT 498 is 200 EMA Resistance if strong Green Candle Close Above 200 EMA than Aim TGT-2,3,4
Wait for 2ND TGT With SL Cost to...
Initially broke out of the cup and handle pattern but neckline got retested.
Currently, it is respecting the neckline level.
CMP- 618
TP1-688
TP2- 727
Risk to Reward- 1:2
#Watchlist
#ASAHIIND (W):- Looking good for a 520/530 target with volume only above 580/650++.
#Disclaimer:-View shared it for educational purposes only.
ASAHIINDIA:- Head and shoulders pattern forming, keep an eye on it
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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