-Resistance breakout with very high volume
-very strong closing in daily time frame
-rsi bullish divergence
-trading above all major ema and sma
-keep strict sl@ 550 can give good return
In the Weekly Chart of ASAL ,
we can see that; after Inverted Head & Shoulder breakout, it has retested properly and created a Halt candle on Trendline.
If it breaks Halt Candle's High we might see a 15-20% up move.
Enter on breaking Halt candle's High with Low as SL.
In the Weekly Chart of ASAL ,
we can see that; it has given Cup & Handle Pattern Breakout.
Let it retest.
Enter on retest at 345-347 with SL as 325 and target as 550 .
Book profit with 1:6 Risk Ratio at 550 and exit.
ASAL analysis.
Currently in downtrend. Good to enter above 510. It might retest levels of 410.
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned...
automotive stamping ASAL almost 20 year range b.o. .
will it sustain and continue upmove for levels.
or retrace back.??
observe its movement as long term .
decide on ur own .risk is ur.
confirm its techno funda at ur end.
posted as learning trend pattern .
This is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help...
Please enter the trade once u get a proper breakout or reversal from the levels, Do not hesitate to contact me with any queries. Kindly support my views. Thanks
