AsterDM - Sell On RISE - RS triangle converging- It was a good R/R trade earlier but it went against expectation.
- AVWAP giving strong resistance and its become a sell on RISE trade.
- RS triangle is converging, there is a chance that downward sloping RS line might get hit, that would be the chance to exit.
- RS still at support. Hospitals are in good favor.
- Risk was set high due to the high volatility.
Trade ideas
Aster DM Medium Term Breakout TradeThe stock has broken out and took a support at the previously upper trendline. Trade is supported by brokerage calls and Supports Nearby including 200 EMA.
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zone, 200 EMA and previously Lower Trendline and target is place near swing and channel high.
Note: As the market is under selling pressure, enter only after confirming a reversal.






















