Rocket Base Swing Trade In AshaPura All levels given new Buying position detected from FIIs
Current price 357 .... good fundamental company coming out of multiweek consolidation range
ashapura new bottom , buy @ 115-116 target 170 in short term . long term target high but bigger risk in between
ENTRY- CMP SL- 114 (Conservative) 105 (Agressive) TGT- 210 Price has come near the Demand zone and has touched it a few time. The best thing is 2 Monthly zones and 1 Daily zone are colliding (sign of a strong demand zone) which seems to be difficult to be taken out. Also RSI is showing Regular Bullish divergence Safe ones can wait for Trend Reversal to enter.
completed rounding bottom pattern , neckline broken ,tomm result so will be volatile add more around support 118-120 , tgt 177/200
The above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. For a broader view, check out this weekly time frame chart - The above analysis is purely for educational purpose. Traders must do...
AT SUPPORT, READY FOR BIG BREAKOUT.... CAN TAKE IT TO 220 LEVELS IN A SHORT SPAN.
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