SWING IDEA - ASIANTILESNSE:ASIANTILES seems to be breaking out from its S/R zone at the 90s level. Watch how the same S/R zone played a crucial role right from April 2020 all the way through April 2022.
NSE:ASIANTILES is revisiting the same levels again after more than 2 years later and also with good volumes and a big green candle as well.
Price Action and Moving Averages also gave a good Convergence Divergence signal back in mid of 2023.
As long NSE:ASIANTILES maintains its weekly closing above this level, it should easily be able to revisit its Swing High levels soon.
Stock looks very bullish over the long run especially.
ASIANTILES trade ideas
AsianTilesAnother Idea on Asian Tile.
1. After long down trend, this stock started recovering
2. At this juncture, volumes are very high
3. Lower high is forming with volume which is very good signal for uptrend
4. Simultaneously, prior high is broken out.
It looks good for me to hold long, do research and work on
ASIAN GRANITO INDIA | DOWN TREND BREAKOUT PATTERNDOWN TREND BREAKOUT STRATEGY
Entry Price - 80₹
SL - 30₹
Targets - 130,200,300,390+
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Asian Granito (A Potential Multibagger)Price bounced from long term support and also at key support level as confluence.
Turn around potential is visible fundamentally.
Accumulate at current levels for a multibagger return in long term.
Medium term swing target @ 150 (110% ROI)
Long term positional target @ 250 (255% ROI)
Long term positional target @ 600 (750% ROI) near its ATH.
Do your own research before investing in this company as promoter's holding is low.
Promoters have started increasing their holdings since DEC 2021 quarter.
Company is fund raising for various expansion plans.
I am bullish on this stock.
Peace!!
planning to launch one of the World’s largest Tiles showroomAsian Granito India Ltd is planning to launch one of the World’s largest Tiles showroom in India’s Tiles hub – Morbi, Gujarat. The showroom is conceptualised in 1.5 lakh square feet area and aims to showcase AGL Group’s production, technological excellence at one place. The showroom will have the entire range of the group’s exquisite and innovative range of Sanitaryware, Bathware and Engineered Marble and Quartz range including 5,000 plus Tiles products in all sizes, designs and finishes under one roof. Bhoomi Poojan of the showroom is scheduled on 15 January 2022.
The five storey showroom will be designed as a one-stop-solution to meet the diverse needs of household, architect, builder for building their dream projects as well as keeping in mind the needs of the International markets. The showroom will have 150 plus Quartz, 350plus Sanitaryware, 50 plus series of CP Fittings and 5,000 plus Tiles designs at one place. The showroom will further strengthen the positioning of Asian Granito in the International markets. Company currently exports in over 100 countries and is ranked as one of the top tiles exporters from India.India is the second largest market, as well as producer of tiles in the world
Asian Granito India Ltd offers a wide range of products including, ceramic floor, digital wall, vitrified, parking, porcelain, glazed vitrified, outdoor, natural marble, engineered marble & Quartz, etc. Further to leverage the synergies, the company has entered in sanitaryware and recently, the company had launched the CP Fittings and Faucets division to provide ‘Complete Bathroom Solutions’ under brand AGL. Company has set a target to increase its touch points to over 10,000 from 6,500 currently and expand the network of exclusive showrooms to 500 plus. The company expects higher sales in coming quarters due to its dominance in B&C class cities and focused penetration in the marke