Daily Chart, Upflag Pattern Identified

8 במאי 2023

ASIANTILES , Please find below the following observations on the stock :

Pros
1. Clear Upflag Pattern formed
2. Green Breakout candles with great volumes
3. Bullish Piercing Candlestick Pattern
4. Momentary buy
5. Risk reward Ratio of 1:5

Cons
1. Stock is currently trading below the Anniversary Date
2. 5 DEMA crossover with 13 DEMA is almost 10-12 candles before & not on the breakout candle.

Do paper trading, else invest small amount and try to clear it out in short term

Disclaimer : take decisions based on your analysis, this is just an indication of price pattern based on charts and has no indication of any buy sell call, this is purely an information related post.