ASAL : DOUBLE BOTTOM FORMATIONThe Stock of NSE:ASAL is forming a double bottom after the aggressive downtrend in the stock.
1)Breakout Level - 535
2)Targets - 635-639
3)Stop loss - 421 -425
Trade can be taken above the breaking of neckline.
Disclaimer - This is just an analysis and not a buy recommendation for the stock.
ASAL trade ideas
ASAL - Bullish setup ONStock name - Limited.
✅#ASAL trading above Resistance of 826.
✅Next Resistance is at 1100.
✅Moved 35% in 12 weeks.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
ASALStock name = Automotive Stampings and Assemblies Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
Automotive Stampings & Assemblies Ltda single sentence : promoted by TATA
siASAL mainly manufactures sheet-metal stampings, welded assemblies, and modules for passenger cars and commercial vehicles (largely for Tata Motors Limited); these products account for more than 95% of the total revenue. It has four manufacturing facilities: two in Pune, one each in Halol (Gujarat) and Pantnagar (Uttarakhand). The Co. is being promoted by TATA Autocomp Systems Ltd (TACO)