Adsl srong breakout and also spread chart breakout keep in watch list
Tend in ADSL has changed after 11yrs. Good RR setup.
My view for ADSL. Trend has changed after almost 11yrs.
Buy = 85 SL = 75 Target 1 = 105 Target 2 = 115 05/10/2021 Bullish NSE:ADSL-->Allied Digital Services Ltd. Buy for short term
Stock has given H&S breakout with good volume, looks promising and can give good returns in recent weeks. Point to note: On a monthly chart stocks has resistance around 100.If breaks that level can go upto 150.
Daily chart shows breakout and retest. Turtle buy setup at cmp till 68 SL close below ST. Study chart to watch price over next few days/weeks.
SUPPORT at 67 - 60 shall touch upper part of the channel in next 3-4 weeks. targets 87 -94 -106
NSE: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... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose......
Long above 64 SL 62 Target 70. Stock at support level & high probability to bounce back from this level. This is for your educational purpose only.
SUPPORT AT 63-60.5. triangular breakout can lead to good upside
IT NEED ANOTHER 2-3 WEEKS OF CONSOLIDATION BEFORE NEXT JUMP. SUPPORT AT 63-61. ABOVE 67 NEW YEARLY HIGH CAN BE EXPECTED
1) Volatility contraction seen in last few days. 2) Dropping volume. 3) SL below highlighted supply turned demand zone.
Analysis mentioned in the chart. For learning purpose
Software company having book value 98 which is very high and it may form double bottom if we see it in monthly time frame . but at the end it has made 5 wave of Elliott , after the 5th wave it has formed contracting triangle . if it breaks out then buying price will be 25...
Medium Term Investment Pick: 25%/50%/100% in 3/6/9 months. As per price action this is looking good for a upmove. However the best entry would be above 25 with few days clean closing above 25. We can see 35/50 soon on cards. Once enter SL would be below or around 18. On weekly seems like done its round bottom also I see cup and handle pattern completed so good...
Medium Term Investment Pick: 25%/50%/100% in 3/6/9 months. As per price action this is looking good for a upmove. However the best entry would be above 25 with few days clean closing above 25. We can see 35/50 soon on cards. Once enter SL would be below or around 18. On weekly seems like done its round bottom also I see cup and handle pattern completed so good...
Buy between 19-21, target 25, Stoploss below 18.