ASPINWALL trade ideas
ASPINWALL - Explained my thought process💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲
🔰Storytime :
This stock from 28dec till 20 may create a good channel pattern, which was contracting and consolidating.
With a BO on 4 march of inverted HnS or triangle pattern, anything is ok. gave 30% in 2 days.
Means stock BO is a mover fast one :) just have to catch them.
On 15 march stock came back to its original channel coz of breakdown and again respected the channels support line on 19 march + a good pin bar on 6 May = bullish.
On 12 May the stock tried to Break the pattern again but gave a super bearish hammer.
So basically it does not want to go down either up = range bounded.
on 20 may the stock again pop out of the channel and finally ready to go up, but the candle is again indecisive.
To date, the stock is above that channel contraction pattern = good support now from those levels.
Also on 16th June, it gave a good BO but still a rising resistance trendline is there to hold it back, if in some days including today it breaks this line (the yellow one) amazing north move.
🔰 {Some info about me}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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Super Breakout is Ahead ✌✌This scrip is ready to move after consolidation and it is Forming a Beautiful Pattern. So traders keep on your c radar to catch the momentum.
ASPINWALL ASPINWALL
note : little risky
buy if possible @190-200 range
Add @180 range
sl little long 140
(safe players avoid ,safe players can try our other stocks like apcl-emkay-bdl-aarti-lic-balkris-varroc etc.)
trgt 234-257-283
study then invest
like💚 comment💚 support💚
ASPINWALL DAILYASPINWALL MAKING VERY BIG ROUNDING BOTTOM. THE STOCK CAN DOUBLE AND TRIPLE IF IT MOVE AS PER THE EXPECTATION. LABEL MARKED IN THE CHART FOR LEARNING PURPOSE.
Bullish Aspinwall, fundamentally good stock in momentumEntry at around 480
Target 1) 532
Stock Fundamentally good, OPM almost double this year as compared to FY16
Long term pick
Aspinwall Long: Fundamentally strong - Wait for entry!!Long term pick: Operating Profit Margin almost double in FY17 as compared to FY16
(Mainly due to sales growth of 23%)
Targets of 550, 580, 600 and further...
Rounding bottom breakout Seems like stock has given breakout from rounding bottom though limited data is available it seems like stock has set been strong upward motion. it can be doubler easily from there
