ASHOKA IS ATTEMPTING BREAKOUT FROM 6-YEAR CONSOLIDATION
ASHOKA is attempting to break out from over 6-year consolidation. Pl. check attached chart (Monthly scale). Its annual relative performance to CNX 500 has been +ve and rising since July 2023. Volumes have been significantly spiking towards the right edge of the chart since the beginning of rally in June 2023, & its momentum (RSI) has been travelling in the bull zone, above 60. Fundamentally, sales have been rising over the last 8 quarters and EPS is good. If the stock trades and sustains above 200, it can see some significant rally in the coming days.
No recommendation. Only personal analysis. Please consult your financial advisor for any decision regarding investment / trading.
No recommendation. Only personal analysis. Please consult your financial advisor for any decision regarding investment / trading.
Raju KMS Datla
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