#AIAEng DTF
reversing from support line
after a good fall, price stayed at support line and last green strong close with good volume shows good reversal and may go up in next few sessions.
good for quick swing trade
Entry - CMP
Target - Previous resistance
Stoploss - below support line
AIA Engg. retraced to Sep-Jan resistance level.
Price is taking support at 3850-3900.
4400 can be reached if take a bounce from here. Based on risk SL can be 3750 or 3600.
Public holding is < 3%, meaning DIIs & FIIs already took to higher levels. So big players can decide the move now both the sides.
If you are trading then Keep Strict SL.
📊 DETAILS
Sector: Engineering - Industrial Equipments
Mkt Cap: 35,316 cr
AIA ENGINEERING LIMITED was established in 1979 at Ahmedabad, India.. They are into designing, developing, manufacturing and installation of abrasion and corrosion resistant castings. It’s the Second Largest Hi-Chrome casting producer in the world.
The company has 11 subsidiaries in...
#AIAENG trading above Resistance of 4314
Next Resistance is at 4862
Support is at 3426
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational...
#AIAENG gave an entry at 2068.10 on breakout.
Has moved from 2068.10 to 3498.95 levels.
It is now trading above Resistance 2 of 3426.
Next Resistance 3 is at 4314
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not...
-trend support from lower levels
-broke resistance with strong candle & closing
-taking support from 50 ema
-rise in volume and rsi
-keep in radar above 3840 it can give decent return
i usually don't believe in patterns, since pattern trading era is gone. However, breakout works since price reacts first before the news.
It's just a perspective, a simple chart for pattern lovers.....
P.S: No Hate, only peace & Love for all traders out there!
The following trading idea shared is for informational purposes only and should not be considered as financial advice or a recommendation to buy, sell, or hold any particular stock.
Swing Trade opportunity in AIAENG at CMP for R:R 1:2.5.
Will wait for stock will make ATH.
Analysis Criteria Used:
1. Please find the Chart Analysis done for the 27th March, 2023 and the upcoming week.
2. The analysis for the Swing Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your...
This is follow-up on AIA Engineering. Can also check link to related ideas.
Resistance 1/Target 1 achieved. Resistance 2/Target 2 is ON as it is comfortably trading above resistance line of 2538. Has moved more than 28% since breakout at 2068.10
Here is previous chart.
Chart is self explanatory. Entry, Resistances/Targets and Support/Trailing Stop Loss are...
AIAENG:- Rounding bottom pattern has formed, wait for breakout, till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know...
AIA Engineering, a certified ISO 9001 company, specializes in the design, development, manufacture, installation and servicing of high chromium wear, corrosion and abrasion resistant castings used in the cement, mining and thermal power generation industries.
Market Cap of Rs. 26,257 Cr and low PE of 26.73 against Industry PE 35.88 . With a consolidated net Profit...
