Another 20% move up can be expected once stock bounces back from the green trend line. tgt arnd 580-600
Full Disclaimer: I own this stock as part of my portfolio. For me it was a value pick as the fundamentals are amazing and business has picked up really well in last few years..
However, at this price it is not a value pick..
ASALCBR has been consistently making higher tops and higher lows. It has given a mini breakout today on hugh volumes.
Buy on retest at about 470 for a target of 710, keeping stop loss at 421.
Disclaimer: This is not an advice to buy or sell. Do your own due diligence. For education purpose only.
Associated Alcohols & Breweries Ltd is in business of manufacturing and trading of ENA, Indian Made Indian Liquor (Country Liquor), Indian Made Foreign Liquor and Hand sanitizer. It operates through Potable Alcohol segment.
FUNDAMENTALS:
> It is a micro-cap company with a market cap of just Rs.822 Cr. Think like the company have just started crawling after coming...
Asso Alcohol is on an uptrend since last year..
Ascending triangle forming in short term.. Wait for weekly candle to close above resistance.. check daily charts for any retesting..
Target Open.. I am very Bullish on this ASALCBR.. Extremely Strong fundamentals.. good branding and major supplier of ENA..
They have over 20% ROIC (Rare...)
Bullish for next 2-3 years..
DAILY SWING CALL // Monday 15th of March 2021 / NSE:ASALCBR
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 388.2
TARGET: + 450 (15% Around)
STOP LOSS:...
Disclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.
Note:
1. Views are personal and for educational purposes only. 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... Aftermarket...
- Weekly Breakout watchlist
- Short to medium term investment idea
- Long term investment candidate if sustains above previous all time high on Weekly closing basis
