Key levels to watch is 108, breakout beyond which will add momentum to the scrip.
113, 117 and 125 are short to medium term levels to keep a watch.
On daily chart, the price is sustaining above 20 EMA.
Always keep a stoploss.
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...
Hello Traders,
Ashoka Buildcon, while riding the trend, which is reversal from the trend line has picked up big volumes. It can be traded for 14% profit within a week or so.
It can be traded as follows:-
CMP, Entry price: 101
SL: 94 (Weekly closing basis)
Target: 114
Happy Trading!
NSE:ASHOKA
Ashoka Buildcon, flag pattern BO on the cards, turning around from long-term (monthly) support level of 96, currently near resistance level around 101, next mega resistance at 115. There is news in favor too.
Price - 108 Dt. - 19.07.2021
The stock took support at the horizontal line as well the 21DEMA. Today stock made bullish inverted hammer on a daily chart and it suggests that falling might stop and the stock starts moving up.
This is the second time stock failed to break the resistance line placed at 116.70 levels. The first stock had tried in Feb of this year....
Stock is forming Inverse head and shoulder pattern with support at 88 levels. after Bo, can show 116/130/150 levels.
Stock is trading above all moving average.
results for 4Q FY 21 were ahead of expectations.
PS: please consult with financial advisor before investing.
Watchout ASHOKA BUILDCON in the upcoming days. It has been testing 95 levels for long time. Today it closed above that level with good volumes.
If the momentum sustains, then we can see 120 levels soon.
