Look for long opportunities, reasons
1. Support on the lower trendline
2. Hammer on weekly timeframe, on the trendline
3. Volumes increasing
4. High risk reward ration
Disclaimer: for learning purposes
Chart Analysis of ASTRON PAPER & BOA LTD.
• Chart Analysis- On the Hourly TF of Astron paper & BOA we can see that stock is moving in the uptrend channel Then making a Cup and Handle pattern which is bullish signal for the stock although we can see
Stock given breakout of handle but the breakout volume is very low .
so it is possibility of making a small cup...
CMP-61.5
SL- 49 (logical and psychological level)
TARGET - 83, 120
1st breakout was sold into, this time broke with excellent volume and good delivery percentage
Can enter now with half quantity and add more around 59-60 levels
CLOSELY WATCH THE LEVELS
VOLUMES HAVE STARTED TO POP IN
23/6/21
- Smallcap, Material (paper)--posted negative results FY21---quarterly results mar21 is positive
-W- Stock has bottomed out and started making positive price structure
- Above all major EMA on D, in W, crossing 100EMA with good VOL
- Parameters positive on D & W
- Volume have started to...
Long trade looks good -
1) Whole paper sector is showing good traction.
2) Current wave after healthy correction.
3) Broke 52 week high today on strong volumes.
First target should be around 66.0
Enter between 50-51 with clean closing above 48 on daily level. This could touch 80/100 in 3-5 months time. Price moving really well on weekly and daily level on a ascending triangle pattern. We have seen confirmation as well and entry looks good. Fundamentally also looks good after looking at its profit and sales.
Note: I am not a SEBI register and view is only...
