Asahi Songwon is breaking out from a strong consolidation with perfect EMA alignment and sectoral support.
Price > EMA21, 55, 100, 200
RSI at 63 — strong but not overheated
RS-55 positive vs Nifty, showing early outperformance
Breakout above ₹430 zone with continuation volume
Recent earnings boost + specialty chemicals rotation backing the move
🎯 Trade Plan
Entry: ₹440 – ₹450
Stoploss: ₹428
Target 1: ₹475
Target 2: ₹505
Time Frame: 5–10 sessions
Type: Swing (mid-speed, high structure quality)
#AsahiSongwon #SwingTrade #BreakoutStocks #NSEIndia #SpecialtyChemicals #TradingSetup #PriceAction
Price > EMA21, 55, 100, 200
RSI at 63 — strong but not overheated
RS-55 positive vs Nifty, showing early outperformance
Breakout above ₹430 zone with continuation volume
Recent earnings boost + specialty chemicals rotation backing the move
🎯 Trade Plan
Entry: ₹440 – ₹450
Stoploss: ₹428
Target 1: ₹475
Target 2: ₹505
Time Frame: 5–10 sessions
Type: Swing (mid-speed, high structure quality)
#AsahiSongwon #SwingTrade #BreakoutStocks #NSEIndia #SpecialtyChemicals #TradingSetup #PriceAction
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.