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.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades...
shivam_kapse55
#stockmarket
#stockfortrade
#swingtrade
This information only for educational purpose
Entry := When high of candle get breakout. { in this case 620 is high }
stoploss := Candle low is our stoploss.
Target := Swing High is our target as mark on chart.
#ASAHIINDIA gave an entry at 429.20 on breakout.
Has moved from 429.20 to 694 levels.
It is now trading above Resistance 1 of 634.
Next Resistance 2 is at 954.
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...
~Asahi India is available at low risk.
~The stock has retested to all time high resistance.
`~Continuously out performing the market.
`RS and RSI is strong.
~adding some more on current level.
~link of the previous chart is given below.
~Desclaimer- Above information is given for educational purpose only. Do your own analysis before investing.
