ASL LONG TRADE (SECOND STRIKE)ASL LONG TRADE (SECOND STRIKE)
ASL remained in a Wyckoff Accumulation Phase for nearly a year before breaking out in December 2024, reaching a high of 13.42. This was followed by a corrective downward channel. Recently, the stock has completed key structural milestones, including a Test of Breakout (TOB), a reversal, the formation of a Higher Low (HL), and a breakout from the corrective channel.
Currently, it appears to be in its second pullback, offering a potential re-entry opportunity within the broader continuation structure.
🚨 TECHNICAL BUY CALL – ASL 🚨
BUY ZONE: 11.35-10.94 in three parts
📈 TP1 : Rs. 12.85
📈 TP2 : Rs. 13.75
📈 TP3 : Rs. 15.73
🛑 STOP LOSS: BELOW Rs. 9.7 (Daily Close)
📊 RISK-REWARD: 1:3.9+
Caution: Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
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