Asahi India | Trading in a range | Latest stock market news(3 minutes read)

Stock name: Asahi India

Pattern: Trading in a range

Time frame: Daily

Observation: The stock was in a downtrend and had made a double bottom and is currently trading in a range. Once the resistance is taken out, the stock can start its upward journey. If the range support is broken, then the stock can exhibit further weakness.

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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

News for the day:

1) Agencies worldwide have already projected a slowing of global economic growth, which is expected to witness headwinds with rising commodity prices, supply chain bottlenecks and faster than the projected withdrawal of monetary accommodation. India’s economy is also expected to witness slowing growth, though still higher than the other emerging market economies, said Finance Ministry today.

2) Glaxo Smith Kline has fixed 8th July 2022 as the record date for a total dividend of Rs. 150.

3) In 5 years, we'd like to be No. 1 in bancassurance said LIC’s Chairperson MR Kumar