ASHAPURMIN trade ideas
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.
#ASHAPURMINClearing up the congestion zone
C > 113 will take it to further levels
CCI (D/W/M) >100
TGC on Monthly
Super volumes this monthly
Monthly congestion clears after 100.50
Ashapura Mine
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security Which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.
