ASHAPURMIN trade ideas
High Probability Break Out - ASHAPURMINThe stock is currently trending in a flag pole pattern and looks to be a good break out candidate.
Results are expected tomorrow and are expected to be good.
Other Supporting Technicals:
RSI - 64 (bullish but not overbought)
ADX - 26 (suggesting strong trend)
MACD is above its center and signal Line, this is a bullish indicator.
ASHAPURA CHEMICALS: NEAR BREAKOUTBuy Range: 161 to max 5% from breakout levels
SL : 8% max
Target : 15%
Ashapura Mine- Go LongAshapura Mine has given a breakout of its Cup and Handle Pattern on Weekly Chart.
CMP: 155
SL: 115
Targets of 200-210 can be seen
Disclaimer: This Chart is purely to study Price Action and for education. I strictly recommend you to contact your financial advisor and do your own Research before initiating any trade.
ASHAPUMIN SOON TO BE A MULTIBAGGER CMP 153
BUY AND ACCUMULATE TILL 142
KEEP STOPLOSS AS 126 ON WEEKLY CLOSING BASIS
SHORT TERM TARGETS
178/224/268
AGGRESSIVE TARGETS
267/318/342/379++++
Ashapura Mine Chem "Range Breakout"Buy Ashapura Mine Chem
Closing Price - 126.5
Strict SL - 94 (WCB)
Target - 200/220
FY21-22 Swing Trade Idea #8 : Long on ASHAPURMINThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Ashapuramin level for study purposeABOVE 119.7 it can do wonder in next 6month- 1 year. 176-239-267 are next. invalid below 95.
ASHAPURA MINECHEM BO of 12 YearsASHAPURA MINECHEM now BO of 12 years. CMP 125.
Long for Next Tgt of 160 , 200
With SL 100
Beast unlishing....Big breakout.
Bought 50% of my position size directly because this stock gives very less chances to buy due to upper circuits and setup se very well setting up.
Sl mcb
Updated Chart - LongUpdated chart with clear buy and Sell zone. Wait for trend reversal with volume before buy.
Long Ashapurmin- Testing Long restistenceBuy on trend reversal. Wait for close to above 48 with good volume. Sell target for long term.
Ashapura Minechem Risk Reward 1:8 It will burst soon. Start with Lower allocation of 50%.
Stoploss is strict and any changes will be updated here. Keep eye.
ASHAPURMIN 8yr cycle break out.This company along with its subsidiaries are the largest exporters of bentonite from India and one among the biggest five in the world.
In addition to bentonite, company is in the production of many other minerals like Bauxite , Kaolin, Attapulgite, Barites..etc.
Its major product –Benonite- is widely used in metal casting, iron ore pelletizing, civil engineering, drilling, paper, detergents, cosmetics..etc
Pure turn around candidate. Risk reward will be good for investors.
All levels in chart. Good for 2yrs.
Happy investing.
