Ashoka Buildcon for 60% gainsDate: 15 Oct’24
Symbol: ASHOKA
Timeframe: Daily
Ashoka Buildcon seems to be in Wave 4 which is likely to see one more leg down before it starts to move up in Wave 5 towards 370 (~60% from end of Wave 4) as seen in the chart. Company’s market cap (~7000 cr) to sales (10,000+ cr) ratio is at 0.68 while the industry average is 4 times higher at 2.24.
This is not a trade recommendation. Please do your own analysis. I have the right to be wrong.
Aisa lagta hai ki Ashoka Buildcon Wave 4 mein hai, jiske Wave 5 mein 370 (Wave 4 ke ant se ~ 60% adhik) ki taraf badhane se pahale ek aur baar neeche jane ki sambhavna hai, jaisa ki chart mein dekh sakte hain. Company ka market cap (~7000 crore) aur sales (10,000+ crore) ratio 0.68 hai jabki industry ka average 4 guna adhik 2.24 hai.
Yah koi trade lene ki salah nahin hai. Kripya apna vishleshan khud karein. Aur mujhe galat hone ka adhikaar hai.
ISGEC
ISGEC Heavy Engineering Ltd - Breakout Setup, Move is ON...#ISGEC trading above Resistance of 1232
Next Resistance is at 1867
Support is at 840
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
ISGEC Heavy Engineering Ltd - Long Setup, Move is ON...#ISGEC trading above Resistance of 958
Next Resistance is at 1232
Support is at 704
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
ISGEC-A beautiful ATH breakout is doneISGEC is a company from heavy engineering sector which has been in a good bull run based on consistent growth.
Stock has formed a cup & handle pattern and gave good breakout yesterday.
Momentum traders should keep this stock on their watchlist as this stock can give quick 10-20% returns.
This is my personal opinion and not a recommendation.