Not Interested to Share How it will Happen.
But Technical Chart especially my Technical Chart Indicates NSE:ASIANTILES is in Good Buying Position for 2024.
Here are my Targets From its Current Price Level when i am shring this technical analysis the price of the stock is @ INR 63.95
Most likely Price will Continue Fall from its current Price levels which i have...
Key Levels:
Support: 73 to 70
Resistance: 79 - 83 - 90
Description:
This stock is getting ready for another rally making it reach to the new zone of trading.
Near strong resistance/supply zone. Expecting it to break. Reason as below
1. Good quarterly result.
2. Two new manufacturing facilities opening soon, which may give good upcoming results.
3. Technical: Inverted Head and Shoulders can be seen, a bullish pattern (if breakout is done)
Rest time will tell.
If you find any negative aspects do share it in comment...
The stock has broken out on the weekly time frame and is consolidating before another leg of upmove. The actual breakout happened on the weekly close above 78 so if one gets any dip to the levels of 78 can look to buy there and for those who want to take an aggressive entry can take at CMP with a stop loss below 68 on weekly closing basis for targets of...
Asian tiles
Breakout of H& S pattern on weekly & daily charts with huge volume since last 4-5 days. All momentum indicators are bullish such as RSI, RS, ADX.
buy -above 78.10 or near 70-72 retest level of resolution point of breakout.
Sl -63
Tgt -88-96-115 ( 1-3 months hold)
This is for learning and not recommended for buy.
ASIAN TILES- TRIANGLE breakout and continuation pattern.
Disclaimer:
For educational purpose only.
Please do your own research before taking any trades.
Happy Trading!
ASIANTILES , Please find below the following observations on the stock :
Pros
1. Clear Upflag Pattern formed
2. Green Breakout candles with great volumes
3. Bullish Piercing Candlestick Pattern
4. Momentary buy
5. Risk reward Ratio of 1:5
Cons
1. Stock is currently trading below the Anniversary Date
2. 5 DEMA crossover with 13 DEMA is almost 10-12 candles...
asian tiles long time bearish trend now think its be positive and trend reversal by breaking the weekly triangle pattern........only for study purpose trade at own risk...
so the price went upto 3.618 in 2018, broke out of long term channel, but now is languishing at 55.61..majority of poc on daily is at 40. And on weekly at around 111-122.Last time it hit lower channel line it made a similar price action and then shot up. Something to look out for.
mest capital indicator has generated an alert of going long in equity for Asian Tiles
Timeframe: weekly
Entry : High price of candel
Stoploss: Low price of candel
Happy trading 🙏
