ASAHI SONGWON : Chart Pattern Breakout#ASAHISONG #cupandhandle #chartpattern #breakout #swingtrade #swingtrading
ASAHISONG : Swing Trade
>> Chart Pattern Breakout soon
>> Cup & Handle Visible
>> Volumes Dried up
>> Good Strength in Stock
Swing Traders can lock Profit at 10% and keep Trailing
Disc : Charts shared are for study Purpose & not a Trade Recommendation
Pls do uour Own Analysis or Consult ur Financial Advisor before taking any position, Dont go all in...plan ur Trades with Proper Position Sizing, Risk Management and clear plan.
ASAHISONG trade ideas
asahi singwonAsahi Songwon has posted impressive results, continuous improvement in Revenue and EBITDA on QoQ and YoY. After making a life time high on 01/07/2024, Stock was falling and now near breakout retest zone, short term trend reversal. It is near 0 Line. going to burst. CMP 412, Target for the stock is 458/480, stop loss DCB 389. Good risk reward for short term.
Asahi Songwon Colours looking to add a positive vibe. Asahi Songwon Colors Ltd. is a leading player in the Indian Pigment industry. The company's principal manufacturing facilities Vadodara, produce CPC Blue Crude and Beta Blue pigment which have an installed capacity of 11400 tonnes per annum.
Asahi Songwon Colors CMP is 242.10. The Negative aspects of the company are high valuation (-P.E. = 13.5) and declining annual net profits. The positive aspects of the company are low debt, improving cash from operations and zero promoter pledge.
Entry can be taken after closing above 249. Compounding can be done after closing above 261Targets in the stock will be 271 and 282. Long term target in the stock will be 297. Stop loss in the stock should be maintained at closing below 220.