ADSL - Bullish Swing Reversal with VolumesNSE: ADSL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 13% to 20% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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ADSL trade ideas
#ADSL is getting ready to form a Null candle #SuperChartzKey levels:
Support: 127, 110
Resistance: 154, 170
Key Description:
The stock has a moderate Market Cap of ₹809 Cr. with a current price of ₹146. It exhibits a relatively low P/E ratio of 16.6, indicating potential undervaluation compared to the industry average P/E of 41.8. The stock's book value is ₹101, and the Price to Book Value ratio is 1.46.
Financial performance metrics like ROCE (12.8%) and ROE (10.1%) suggest decent returns on capital and equity. The company maintains a conservative dividend yield of 0.85%. The operating profit margin is at 12.8%, showcasing operational efficiency.
In terms of market performance, the stock has shown a positive return of 7.24% over the last 3 months and a robust return of 64.8% over the last 3 years, indicating favorable investor sentiment. However, investors should note the lower EPS of ₹0.36.
Overall, the stock appears to have potential value with reasonable financial metrics and positive returns. However, potential investors should conduct further research and consider factors such as industry trends and market conditions before making investment decisions.
Technically the stock has broken the trendline and sustaining the breakout to go beyond the nullification zone by forming a null candle. After the nullification the stock may touch new highs.
ADSL : Swing Trade#ADSL #breakout #failedbreakout #breakoutstock #ascendingtriangle #patterntrading
ADSL : Ascending Triangle Breakout
>> Momentum stock
>> Probability of a Good upside due to Failed Breakout on the Downside
>> Low Risk High Reward.
Swing TradersCan Lock profit at 10% and keep trailing
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"ADSL Flag Pattern Breakout: A Promising Trade Opportunity"🚀 Get ready for a potential breakout on ADSL! 🚀
On August 28th, 2023, we laid the groundwork for an exciting trade opportunity as we analyzed the ADSL stock. Today, we have an update that could lead to significant gains.
Key Points:
📈 Flag Pattern: ADSL has been forming a flag pattern on its daily chart, indicating a period of consolidation after a strong uptrend. This pattern often precedes a breakout, making it an excellent setup for traders.
🚀 Breakout Imminent: The flag pattern suggests that a breakout may be just around the corner. This breakout could propel ADSL to new heights.
📊 Entry Price: Consider entering the trade at ₹136.00. This level offers an attractive entry point as we anticipate an upward price movement.
❌ Stop Loss: To manage risk, set a stop loss at ₹125.00. This level will protect your investment in case the trade goes against you.
🎯 Target Price : Our target is set at ₹180.00, reflecting the potential upside that the breakout could bring. This level represents a profit-taking opportunity.
📉 Risk to Reward: With an entry at ₹136.00, a stop loss at ₹125.00, and a target at ₹180.00, the risk-to-reward ratio for this trade is approximately 1:2. This means that for every unit of risk you take, you have the potential to gain two units if the trade goes as anticipated.
📆 Trade Strategy: Keep a close eye on ADSL, and be prepared to act swiftly when the breakout occurs. Remember to adjust your stop loss as the trade progresses to lock in potential profits.
This trade idea provides a simple yet detailed plan for capturing potential gains in ADSL, with a clear risk-to-reward assessment. Stay vigilant and seize the opportunity when the breakout occurs. Happy trading!
(Note: Remember to do your own research and consider your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📈💼🧐
ADSL BUY, Symmetrical TriangleBuy above 140 which is also a 61% level of Fibonacci. For the safer side, you can buy on the retrace.
ENTRY: 140
TARGET 1: 150
Target 2: 164
SL: 132
PRO:
- Breaking symmetrical triangle
- Broke fibbonaci 50% Level
- RSI above 50
- Breaking major resistance.
- Good volume on 12 Jul.
CONS:
- Still in a downtrend
- Higher high is still very small.
News: (27 Jun 2022)
Allied Digital Services secured a letter of intent worth 490 million Indian rupees ($6.2 million) for the Solapur safe city project, according to a Wednesday release.
Under the contract, Allied Digital Services will be responsible for building the city's communication network, command control center, citywide surveillance system and intelligent traffic management systems.
Allied Digital Service Breakout tradeNSE:ADSL Levels are Mentioned in the chart...
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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