Chart Analysis of ASTRON PAPER & BOA LTD.
• Chart Analysis- On the Hourly TF of Astron paper & BOA we can see that stock is moving in the uptrend channel Then making a Cup and Handle pattern which is bullish signal for the stock although we can see
Stock given breakout of handle but the breakout volume is very low .
so it is possibility of making a small cup then we can see a good volume breakout to achieve our expected targets.
We can also see the Positive divergence on the RSI .
And on DMI indicator DI+ line is above the DI- line and ADX line is also supporting which is 20+
Entry point- 62 - 63
Short term targets
• 65- 66
• 74- 75
Stoploss –
• 56
Disclaimer :- I am not Sebi registered Analyst please do your own research before investing .
• Chart Analysis- On the Hourly TF of Astron paper & BOA we can see that stock is moving in the uptrend channel Then making a Cup and Handle pattern which is bullish signal for the stock although we can see
Stock given breakout of handle but the breakout volume is very low .
so it is possibility of making a small cup then we can see a good volume breakout to achieve our expected targets.
We can also see the Positive divergence on the RSI .
And on DMI indicator DI+ line is above the DI- line and ADX line is also supporting which is 20+
Entry point- 62 - 63
Short term targets
• 65- 66
• 74- 75
Stoploss –
• 56
Disclaimer :- I am not Sebi registered Analyst please do your own research before investing .
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ALL Targets achieved BINGO!!!