Trade Alert: ASAHI INDIA GLASS LTD (NSE: ASAHIINDIA)
🚨 Trade Alert: ASAHI INDIA GLASS LTD (NSE: ASAHIINDIA) 🚨
Best Entry: ₹730
📉 Support Zone: ₹660-₹720
📈 Target: ₹940 (28.6% Upside)
🛑 Stop Loss: ₹655
🔸Risk/Reward Ratio: 2.79
⏳ Timeframe: 3 Months
🔍 Solid support, ready for breakout! #NSE #StockMarket #ASAHIINDIA #GlassSector #StockTrading #IndianStocks #TechnicalAnalysis #Bullish #Multibagger #SwingTrading #RiskReward #BreakoutAlert #WealthCreation #InvestingIndia
Logic of the Trade:
Entry Zone:
The chart indicates a best entry price of ₹730 or higher. The stock has recently bounced back from the support zone of ₹660-₹720, suggesting this level is where buyers are stepping in. It's a potential breakout area after consolidation.
Support Zone:
The ₹660-₹720 range acts as a solid support zone, holding the price from further decline. This level has been tested multiple times, reinforcing its strength.
Target:
A price target of ₹940 is projected based on previous highs and potential breakout strength. This level represents a 28.6% upside from the current price.
Stop Loss:
The stop loss is set at ₹655, just below the support zone, limiting downside risk to around 10%. If the stock breaks below this, it would invalidate the bullish setup.
Risk/Reward Ratio:
With a risk of 10.2% (from ₹730 entry to ₹655 stop) and a reward of 28.6%, the Risk/Reward ratio of 2.79 is favorable, making this trade attractive for swing traders.
Time Frame:
The anticipated time frame to reach the target is around 3 months, based on past price action and market momentum.
Technical Indicators:
The chart shows a clear price consolidation near support, along with a potential breakout from the current price levels.
An upward trendline shows the overall bullish movement despite temporary corrections.
This setup is ideal for swing traders looking for a mid-term trade with a well-defined risk-reward structure.
Best Entry: ₹730
📉 Support Zone: ₹660-₹720
📈 Target: ₹940 (28.6% Upside)
🛑 Stop Loss: ₹655
🔸Risk/Reward Ratio: 2.79
⏳ Timeframe: 3 Months
🔍 Solid support, ready for breakout! #NSE #StockMarket #ASAHIINDIA #GlassSector #StockTrading #IndianStocks #TechnicalAnalysis #Bullish #Multibagger #SwingTrading #RiskReward #BreakoutAlert #WealthCreation #InvestingIndia
Logic of the Trade:
Entry Zone:
The chart indicates a best entry price of ₹730 or higher. The stock has recently bounced back from the support zone of ₹660-₹720, suggesting this level is where buyers are stepping in. It's a potential breakout area after consolidation.
Support Zone:
The ₹660-₹720 range acts as a solid support zone, holding the price from further decline. This level has been tested multiple times, reinforcing its strength.
Target:
A price target of ₹940 is projected based on previous highs and potential breakout strength. This level represents a 28.6% upside from the current price.
Stop Loss:
The stop loss is set at ₹655, just below the support zone, limiting downside risk to around 10%. If the stock breaks below this, it would invalidate the bullish setup.
Risk/Reward Ratio:
With a risk of 10.2% (from ₹730 entry to ₹655 stop) and a reward of 28.6%, the Risk/Reward ratio of 2.79 is favorable, making this trade attractive for swing traders.
Time Frame:
The anticipated time frame to reach the target is around 3 months, based on past price action and market momentum.
Technical Indicators:
The chart shows a clear price consolidation near support, along with a potential breakout from the current price levels.
An upward trendline shows the overall bullish movement despite temporary corrections.
This setup is ideal for swing traders looking for a mid-term trade with a well-defined risk-reward structure.
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