Ashiana's core business model is to buy land and turn it into a residential building and sell it. Inventories should be liquidated in a 5-7 year timeframe. Management targets projects with gross margins over 30%.
Long as per Chart, all levels are well marked.
Price was moving in downward parallel channel and now it is about to give breakout. However there are multiple resistances in upward journey.
30% allocation after breaking each resistance shall be good idea.
One should have great patience to achieve those targets
** for educational purpose only**
DAILY SWING CALL // Wednesday 24th of February 2021 / NSE:ASHIANA
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 115.6
TARGET: 133+ (15% Around)
This stock have shown good strength and has closed high. It still has bullish Momentum and can go further up. You can trade this for intraday and also for few days in the coming week.
Look for Buying at the levels marked in green and whenever you see a Bullish candle pattern forming. The targets and stop loss are subsequent levels up and down.
Range consolidation has been happening in the past 4-5 month, which was breached.
The breach was tested again and found a support at consolidation trend line.
Currently, hovering in Breakout/Reversal Zone (defined by nearest pivot at those levels)
If breakout, the next immediate target could be next pivot at 218.
If reversal, the consolidation trend line might be...
Ashiana Housing Ltd. is a holding company, which engages in the real estate development. It also involves in building residential and commercial projects. The company was founded by Om Prakash Gupta in 1979 and is headquartered in New Delhi, India.