Buy ABSL AMC at the breakout of 535 on weekly charts for target of 700 at least. Good CUP&HANDLE breakout happening on daily, weekly charts. Stock has taken support 200ema and now ready to bounce with volumes. Invalid below 500-505 range on weekly basis.
- It has achieved my target
- I would prefer booking full gains
- Holding partially or 50% of your position too looks a little risky
- FOMO in nifty can soon drag all this down badly
ABSLAMC- C & H breakout pending for the target of 600.. Intermediate resistances/ initial targets are mentioned in the chart in the red colour. In my chart, always the green colour line will be the final target. Buy above 463 WCB (Weekly Closing Basis) for strong confirmation on breakout.
Note: This is for educational purpose
No one buy when stocks are available at discounts.......Value buying for next 10 years...good parent company, strong business demand for next 20 years, emerging economy. PORTFOLIO STOCK
there is a wedge break-down in ABSLAMC and going to make a H&S pattern, if H&S if complete then high probability of going to down, add this stock in your watch list for short sell. setup for intraday.
The stock consolidating inside candle for the past two weeks. Analysis based on :
Bullish Candle | EMA | Volume
The risk and reward is favourable i.e.,1:3
Entry above Rs 355, Target 15% and Stop Loss -5%
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of...
ABSLAMC has corrected almost 50% since its IPO, it's currently forming a falling wedge and breakout of which hasn't happened yet. It has also given a mother bar breakout after 6 trading session. Can give some short term upside momentum and may reach the upper trendline of falling wedge.
If it can give a successful breakout there, that can be a sign of reversal
Disclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your...
