AIAENG trade ideas
AIAENG - Bullish Momentum with VolumesNSE: AIAENG is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Disclaimer:
This is for educational purposes only.
AIA Engineering looking good for investment.NSE:AIAENG
Despite market showing correction, this stock hasn't corrected at all. Instead it is very close to its life time high which it formed two months back. On drawing Fib levels from pre covid high to covid low we can see price holding 1.618 Fib level (around 2695/-) in a very well manner.
Drawing a channel on longer term monthly framework shows price still very much near to bottom with a good growth potential ahead.
It can be bought for both longer as well as short term with SL at 2650.
AIAENGThe stock is looking good and making all time high on Monthly chart, Meanwhile found and trading in a very good Daily Demand Zone, In this falling market this is making Higher High "Bhai dam toh hai". I am not providing any call or tips this analysis though having my own risk management i am owning position in this stock.
Buy AIAENGSwing Trade Idea
Buy AIAENG Above 1785
SL: 1680
T1: 1880
T2:1940
There is minor resistance around 1815 level. Safe Traders can go long above 1815 as well.
Risk Reward is not very favourable in this trade.
However, one can take this as a Swing trade based on the levels mentioned on the chart
AIA Engineering Short Term Reversal The stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls, 200 EMA and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone, 200 EMA & the lower trendline. The target is placed based on fundamentals.