From few months stock moving in downtrend falling wedge pattern now its near the breakout wait for breakout buy above 186 closing basis with sl of 165 target 237
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Look at this stock .. Beautifully gave retest.
If you see stock bull candle, the enter the trade.
This is only for educational purpose, Do you analyze before trade
Keep Sl below 179 & look for a target of 250. keep it on your radar and do your own analysis before trading. This is just my view & a step towards learning chart patterns & trading. I hold this stock in my portfolio
If we see the daily timeframe for Aster DM healthcare, it is clear that the stock has given a breakout after 5 months of consolidation inside the triangle pattern. Currently it has broken the upper trend line with good volumes. It is also near to the psychological level of Rs 200. If it breaks Rs 200 with good volumes and gives a candle closing above it, we might...
Aster DM Healthcare has broken above all its Exponential Moving Averages and has also broken above the Flag formation indicating a bullish move upwards.
Watch to enter at levels above the upper trendline of the Flag. A re-test of the upper trendline can also be seen as a buying opportunity.
22% potential target in Aster DM on the verge of breakout
Aggressive trader can enter right after first 15min, to play safe wait for the candle to close and enter only at the closing at around 3:25PM.
Reasons to trade -
1. Beautiful price consolidation inside the channel
2. On the verge of breaking the trendline
3. 50 EMA support
4. Good Volume
5. Has taken a...
this is a small cap potential chart so don't put huge capital in it.
Learners can put around 5-10% of capital for forward test with small profit.
Always intact with logical stop loss.
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Looking good for the short term long trade as it is form a triangle pattern on 1 hour time frame , stock could possibly breakout from this pattern to test the previous high or make a new high
AsterDm Healthcare - Weekly Chart - Major Trendline Breakout - Retesting resistance which will work as support in weekly time frame
CMP 187.6 Buy For Target 250-350-450-560-700+
SL Below 130
