ASC LONG TRADEASC LONG TRADE
ASC was in downtrend on HTF in a descending triangle formation – It has shown signs of bullish reversal after making a Spring below a Major trend line and reversing instantly.
It reversed in the form of Spike creating multiple FVGs on the way. This reversal is supported by Volume Distribution. Currently it is in Pullback of this reversal.
It is expected to resume its upward journey after hitting these FVGs.
🚨 TECHNICAL BUY CALL – ASC🚨
BUY1: 7.5
BUY2: 7.0
BUY3: 6.5
📈 TP1 : Rs. 8.66
📈 TP2 : Rs. 9.3
📈 TP3 : Rs. 10.4
📈 TP4: Rs. 12.45 (LONGTERM)
🛑 STOP LOSS: BELOW Rs. 5.47 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:4.7
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
