trade as per the supply and demand zone.
check volume support.
profit booking and new buyers can be seen simultaneously. observe the chart carefully and plan the trade.
What will be Ashoka buildcon next target?
CMP:- 180
Company got a new project
Fundamentals are good
Technicals are good
Keep this stock in your watchlist
An do your research before investing.
-FII's Increasing Stake In Ashoka Buildcon -Technically Strong
-broke resistance with very high volume
-retest done now consolidating
-inside candle pattern
-strong support from 50 EMA Lower trendline
-keep in radar it can give good profit in short term
#ASHOKA trading above Resistance of 162
Next Resistance is at 196
Support is at 116
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...
#Watchlist
#ASHOKA(M): Looking good for a 190/250 target, with a stop loss of 120 WCB (CMP 165.80).
#Disclaimer:-View shared it for educational purposes only.
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)
Infrastructure stocks are focused
India have massive spending on infrastructure from India govt so
Well under value and prestigious company must acquire at low level to get feature gains
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
📈 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...
