Rectangle forming on 4H Chart of ASIAN TILES. BUY CMP/193.10 -> 205, 220, 235, 260 Support 182-83, 175-73. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Daily Chart Analysis: Strong Supply zone around 190-203 levels. In April month (2021) gave breakout from 170 levels which is now acting as support. Either will break 170 and fall or complete the Cup and Handle formation. Can buy at CMP or Buy above 185.
ASIANTiles has given breakout from the triangle pattern with good volume. Script can be bought at 188 levels.
DISCLAIMER CHART IS PUBLISHED ONLY FOR EDUCATIONAL PURPOSE. ENTRY AFTER TRENDLINE BREAKOUT AND TARGET MENTIONED IN THE CHART WITH GREEN RAY.
Asian Tiles @ 179 & at decline to 170 looks good for short term gain.
At a strong support, can be accumulated with SL 175 for the target of 310.
Enter Long ... Rounding Bottom BO
ASIAN TILES LOOK GOOD FOR LONG POSITION TRGET UP TO 260-280 WITH SL OF 140 TIME FRAME 3 MONTH
Good weekly close 201 might come soon...
NSE:ASIANTILES You can also wait for 10 EMA to cross 200 EMA
Target Stop loss marked on chart . RSI divergence. Favorable Risk to Reward Ratio. Stop Loss based on Weekly Closing.
Once it crosses 300 then go for 310 and if this breaks 310 with volume and holds there than 20 % minimum upside can be seen. short term trend positive hold with stop loss.
RETEST SEEMS COMPLETE, NOW READY FOR A FRESH UPMOVE 35 %
RETEST SEEMS COMPLETE, NOW READY FOR A FRESH UPMOVE 35 %