ADSL trade ideas
ADSLIT NEED ANOTHER 2-3 WEEKS OF CONSOLIDATION BEFORE NEXT JUMP.
SUPPORT AT 63-61. ABOVE 67 NEW YEARLY HIGH CAN BE EXPECTED
ADSL - Buy
1) Volatility contraction seen in last few days.
2) Dropping volume.
3) SL below highlighted supply turned demand zone.
ADSL Moving out of the range ? Long opportunity ?Analysis mentioned in the chart. For learning purpose
allied digitalSoftware 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 rs.
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BUYING PRICE -25 ,Stoploss- 10
this triangle took 4 weeks to form. after breakout it can show a good move.
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ANOTHER VIEW
it has formed cup with handle and this formation is 1 year formation so after breakout it can give you 100% of return.
Medium Term Investment Pick: 25%/50%/100% in 3/6/9 monthsMedium 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 sign for uptrend. "I AM NOT SEBI REGISTER, INVEST ONLY AFTER CONSULTING WITH A FINANCIAL ADVISER. Views are solely personal and for education purpose.
Medium Term Investment Pick: 25%/50%/100% in 3/6/9 monthsMedium 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 sign for uptrend. "I AM NOT SEBI REGISTER, INVEST ONLY AFTER CONSULTING WITH A FINANCIAL ADVISER. Views are solely personal and for education purpose.
Crossed Monthly EMA 10 ADSL trying to move up after long time, it will be too early to say they will go up defiantly in future, but can buy small quantity and keep adding if it is going up
