Cup & Handle pattern forming on Daily Chart of ASSOCIATED ALCOHOLS & BREWERIES LTD. BUY 300, SL 274.9/264.9, Target(s) - 350, 365, 385, 400. Cup Dpeth = 159. Volume is not convincing enough for an ATH breakout. Wait for it to takeout 311.1 or atleast 305.1.
STOCK HAS TAKEN A SUPPORT OF 244 ON DAILY AND WEEKLY TREND LINE FROM WHERE A SINGLE BUY CANDLE HAS FORMED TODAY (INVERTED HAMMER)WITH HIGH VOLUME THEN YESTERDAY'S. IF AGAIN COMES NEAR SUPPORT AND GIVES BUYING CONFORMATION THEN GO FOR BUY WITH STOP LOSS OF 241 AND TARGET OF 250,253
100% upsurge in 90 days. 20% correction on extremely low volume. corrects in 21 days and recovers in 4 days with increasing volume. was moving in a tight range, got stopped out today, largely due to market conditions. will try again
support at 216 and resistance at 331 as per fibonacci
it started to look going down
as per ichimoku is range bound
resistance at 257.25
100 % buy as per money control
Awesome stock but confused market
Holding at 3/1 support and is on the verge of reaching confluence of descending line. Next 2/1 resistance is at 320. One may enter at CMP 280 for a target price of 320 in three weeks.
Stock has given a break out after a good consolidation of over 6 months along with a retest of the previous breakout point. Good times seem destined for the stock.
