Glass industry is shutting down in Europe due to elevated gas prices, Indian glass manufacturers may get benefited out of it.
Asahi India Glass is one of the beneficiary. stock is giving a C&H BO. Target, SL is as given in the chart.
Aashi india is at a very good support level making a triple bottom so we can plan to take swing trade in it for levels upto t2 after it crosses it's resistance level shown with a yellow line.
Stock is showing strength as compared to broader markets.
Volume spikes on accumulation and dry up on distribution days.
Drfiting sideways aroung the pivot.
Pivot buy at 586
Tight SL at 555
Publishing for my own reference. Not an investment advise.
#ASAHIINDIA gave a stage 4 breakout 2 week before. After that a natural reaction is going on and it seems like tomorrow , it's going to give a breakout again from natural reaction.
-> another important factor is that this
script comes from auto equipment
manufacturing industry which is relatively
strong.
-> during basing period , accumulation is...
Asahi had been moving very sporadically and now has gathered momentum..breakout today with good volumes and short term target 459. Trade at your own risk.
It has partnered with Ahmedabad-based Vishakha Group to form what is says is India’s largest solar glass manufacturing plant.
The greenfield site at Mundra, Gujarat will have a phase-1 capacity of up to 3GW.
The plant is expected to be commissioned within 18-24 months and AIS will take a minority stake in the business.
Vishakha Group is a manufacturer of...
#ASAHIINDIA
✅ POSSIBLE REVERSAL CHART SETUP ⤴️
- UPTREND WITH PARALLEL CHANNEL PATTERN
- PRICE IS IN DEMAND ZONE NEAR CHANNEL'S SUPPORT.
- CHANGE IN POLARITY SEEN (PREVIOUS RESISTANCE NOW ACTING AS SUPPORT).
🚫This is only for Educational Purpose 🚫
➡️Consult Your Financial Advisors Before Taking Any Trade💻
