buying opportunity seen in Associated Alcoholsbuy Associated Alcohols above 457-458 daily candle closed...
sl-430
TGT1-510
TGT2-554
TGT3-605
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About ASSOCIATED ALCOHOLS & BREWERIE
Sector
Consumer Non-Durables
Industry
Beverages: Alcoholic
Headquarters
Indore
Website
associatedalcohols.com
Founded
1989
ISIN
INE073G01016
Associated Alcohols & Breweries Ltd. engages in the manufacture and trading of Extra Neutral Alcohol, Indian Made Indian Liquor and Indian Made Foreign Liquor. Its brands include Bagpiper Deluxe Whisky, Flavoured White Mischief, Black Dog Scotch Whisky, Smirnoff Vodka and VAT 69 Scotch Whisky. The company was founded by Bhagwati Prasad Kedia on July 7, 1989 and is headquartered in Indore, India.
Associated Alcohols & Breweries Limited 1:2 RISK REWARDSAssociated Alcohols & Breweries Limited 1:2 RISK REWARDS Look Good
symmetric tringle break out ASALCBR Cmp 464 symmetric tringle break out can add deep till 455 for 490-510-530 support at 422
ASALCBR: Box consolidationCMP: 454
- Taking support near 50% Fibo level if you connect March 2020 Low and recent High.
- Consolidating in a box
- Facing resistance near 200 EMA.
Low risk set up ✌✌✌This scrip is expected to give breakout in the coming days. So traders kep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
ASALCBR, BUYENTRY: 460
TARGET 1: 493
TARGET 2: 520
SL: 448
POSITIVE POINTS:
- Forming Symmetrical Triangle
- Good Volume Buying
- RSI Above 50
- Breaking Trendline
- Above Demand Zone.
- 460 would act as a support.
NEGATIVE POINTS:
- No Higher high
- Still in a downtrend.
Multiple Signal before potential breakout in Associated Alcohol The stock has given a multiple signal for potential breakout.
a) Similar Falling Parallel Channel pattern before breakout
b) Retest Confirmation
c) Price above moving average
d) Head and Shoulder Pattern
ENTRY ABOVE RS 515 , STOP LOSS BELOW RS 480 AND TARGET T1 & T2
Thanks
ASSOCIATED ALCOHOLS & B- CHANNEL BREAKOUT DAILY TIME FRAME .Swing Trade- Associated Alcohols & breweries Has Formed Channel Breakout Daily Time Frame. Expect a 5-7 % Return on This Stock .Only Education Purpose.
Live Challenging Stock Market Analysis #ASALCBR Buy @ 492.90Market Analysis
Live Challenging Stock Market Analysis #ASALCBR Buy @ 492.90
BUY2 @ 475.15
Target @ 570.40
#sharemarket #hindunilvr #Nse #stockmarket
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Multiple confirmations at Asso Alcohols & Brew Ltd (Daily)On a daily time frame, the stock has given a breakout of its falling wedge pattern, and now it might as well give a breakout of the inverted H&S pattern. The volume chart also indicates the volume build-up over the past few days. A trade can be initiated above 555 for a target of 640.
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This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
