#ASAHIINDIA gave a stage 4 breakout 2 week before. After that a natural reaction is going on and it seems like tomorrow , it's going to give a breakout again from natural reaction.
-> another important factor is that this
script comes from auto equipment
manufacturing industry which is relatively
strong.
-> during basing period , accumulation is clearly
visible. ( Big green volume bar )
-> Relative strength (with respect to nifty 50) is
in good uptrend.
uptrending.
-> another important factor is that this
script comes from auto equipment
manufacturing industry which is relatively
strong.
-> during basing period , accumulation is clearly
visible. ( Big green volume bar )
-> Relative strength (with respect to nifty 50) is
in good uptrend.
uptrending.