Ashoka Buildcon Ltd is engaged in the business of construction and infrastructure facilities on EPC and BOT basis. It is also involved in the sale of RMC (ready mix concrete)
Company has a good return on equity (ROE) track record: 3 Years ROE 29.7%
Company's median sales growth is 21.0% of last 10 years
Company's working capital requirements have reduced from...
📈 Stock Name - Ashoka Buildcon Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 164.
🚨 Disclaimer: This is not a Buy or Sell...
Stock Name - Ashoka Buildcon Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 126
#This is not Buy and Sell recommendation to any one. This is for...
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!
