Ashoka Buildcon Ltd - 07.01.2022
The stock is trading @ 102.75
The prices are above EMA
There is a confirmed Head & Shoulders Formation in Daily & Monthly Chart
Neckline is @ 104 (Daily), Neckline is @ 120 (Monthly)
watch out for the price action
Ashoka has been trading in a tight range since last 6 months. Now ready to break out.
Big upside momentum expected on breakout seeing the price structure.
ASHOKA
Buy-Above 119
Add More At 105
Sl-90
Target- 170 200 A new ATH -240
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
#ashokabuidcon
Looks good for trading on trend line support.
Moving beautifully so far.
I am biased towards long as results posted are good.
SL will be break of TL with good volumes.
Targets are green lines.
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
