Good swing trade setup in NSE:ASAHIINDIA
Price has taken good support over the long term trend line and once the flag and pole pattern breaks can take a conservative trading position.
This scrip pattern contains Four support and nearly 3-4 Support and hope this time it will break and will move Up. So keep on your radar and enjoy the profit.
ASAHIINDIA is forming symmetrical triangle pattern which is famous for giving breakout and breakdown both. If stock gives breakout from this pattern that it can be a good swing trade ( Also watch overall market sentiment). Also note that this chart analysis was done by me for educational purpose, feel free to share your feedback/queries.
Fresh investment recommended at the bottom level of channel pattern for higher return.
SL - all good until it holds the channel pattern (which is being held since past 1yr).
Please like and comment, it motivates me to publish more of such.
From may'20 stock is moving in channel & respecting 50MA. Currently stock is at bottom of the channel buying range will be 300-310 with SL 289(CB) for the target of 350.
DAILY SWING CALL // Thursday 4th of March 2021 / NSE:ASAHIINDIA
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 314.75
TARGET: 362+ (15% Around)
STOP...
