Analysis Given on 20th June (Tuesday)
ASHAPURMIN (1D TF)
Pattern: RISING WEDGE
- Resistance Breakout - ✓
- Consolidation - In Progress
Long Targets - As marked
Short Target - As marked
#stocks #swingtrade #priceaction
Anybuddy buy above this lewel and till so 20 day moving average is our stoploss..hold with sl..when break 20 day ems then exit...same strategy on Railtail stock...
I am not sebi registered..
Share for education purpose...
Ashapura Mine cmp 124 Now nearest support 105 Breakout on monthly charts can do good in coming days Target 192/255/440+
#investing breakout retesting done
ASHAPURMIN (Weekly)
- Inverted H&S BO At a strong Support
- Price And Volume Contraction Before BO
- Increased Volume Bar on BO
- Trading Above All Major EMAs
- Bullish RSI
Another Iron Ore stock which today took a perfect bounce at the 200EMA.
With iron ore prices popping this one might make for a low risk long with a stoploss slightly below the 200EMA around 98 (Red Line).
Disc: Bullish on metals + iron ore space in general.
Here we can see a gud breakout in ashapuram mines with volume .
can be considered for short term tread.
all the levels are mentioned in the chart.
chart is only educational purpose.
Stock Name - Ashapura Minechem Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 108
#This is not Buy and Sell recommendation to any one. This is for...
Stock is trading above 6 ma and 50 ma.
If stock closes above 6ma trade will be confirmed on Friday. But entry will be best on gap filling @136.
SL and target are mentioned in the chart. RR is almost 1:11.
For any queries please comment below.
Disclaimer : This analysis is not for trading recommendation.
Thank you!
Incorporated on 19th February 1982, Ashapura Minechem Ltd. is engaged in the mining, manufacturing and trading of various minerals and its derivative products. The company offers multi-mineral solutions across several industries from soaps to steel, energy to edible oils, metal to medicine and cement to ceramics. The company has its network of operations pan-India...
