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ASSO ALCOHOLS & BREW LTDASSO ALCOHOLS & BREW LTDASSO ALCOHOLS & BREW LTD

ASSO ALCOHOLS & BREW LTD

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ASALCBR trade ideas

ASSO ALCOHOLS & BREW LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:ASALCBR
by zenthosh
Expected continuation diamond pattern formationA continuation diamond pattern, also known as a diamond bottom or bullish diamond, is a technical analysis chart pattern that usually occurs during an uptrend and signifies a temporary pause or consolidation before the price resumes its upward movement. It's considered a continuation pattern because it typically results in the continuation of the existing bullish trend. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
BSE:ASALCBR
by hardeepssethi
Associated Alcohols is in high spiritsAssociated Alcohols & Breweries Ltd. is in the business of manufacturing and trading of ENA (Extra Neutral Alcohol), Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL) & Hand Sanitizer. Associated Alcohols & Breweries CMP is 408.40. Negative aspects of the company are declining annual net profits and FIIs are decreasing stake. Positive aspects of the company are low debt, improving cash from operations annual and zero promoter pledge. Entry after closing above 414. Targets in the stock will be 435 and 463. Long term target in the stock will be 486 and 500+. Stop loss in the stock should be maintained at closing below 387.
NSE:ASALCBRLong
by Happy_Candles_Investment