VIEW ON ASHOKA BUILDCON BY KRS CHARTSDate - 21st August 2025 / 10:35 AM
Why ASHOKA ?
1. All-time Bullish Stock technically making HHs & HLs.
2. Further, Price is already in Fibbo Golden Reversal Zone for quite a few times and showing bullish traits again.
3. I was eagerly waiting for to retrace down little bit for 1D previous gap-up needed to be filled it & it's Done!
4. 1D it is showing Morning Star Candle sticks Cluster s with more green Candles and this week likely to be closing with bullish candle stick.
5. Wave Theory wise we are in 4th Wave last upside 5th is loading.
All in All, this is good level to look ASHOKA as a good opportunity 👍✅
Targets and SL are Marked in Chart.
ASHOKA trade ideas
ashoka buildcon .. good to in portfolioAshoka buildcon 206 is undervalued and is currently under bearish movement due to notice served by Goods & Services Tax department serves for search and seizure at company's Nashik office.
On valuation it is 4th in ROE (55 )and ROCE (32 ) among its peers in construction sector.
Ashoka Buildcon has won multiple contracts worth up to 13.87 billion rupees ($161.7 million) from Maharashtra govt body for design of traffic management systems
Ashoka Buildcon has received Letter of Acceptance (LoA) from Central Railway for a project worth Rs 568.86 crore
On the above facts we find Ashoka buildcon good to have in portfolio with support 176 for target 240 and above.
ashoka buildcon Ashoka Buildcon Ltd – Weekly Chart Analysis
The stock recently broke out of a falling wedge pattern after a steep correction from its highs near ₹320. A solid base formation near ₹170 followed by a breakout above resistance at ₹210 signals bullish momentum.
🔹 Breakout Confirmation: Price has broken the downtrend line with strong volume.
🔹 Pattern: Falling wedge → Bullish reversal.
🔹 Support Zone: ₹170 - ₹180
🔹 Immediate Resistance: ₹222 - ₹230 (watch for breakout retest)
🔹 Target Zone: ₹280–₹320 (based on prior high and pattern projection)
🔹 Risk Management: Stop-loss below ₹210 (support-turned-resistance)
📈 Short-to-mid term outlook remains positive if price sustains above ₹210.
#TechnicalAnalysis #StockMarketIndia #AshokaBuildcon #NSEStocks #PriceAction #ChartPatterns #BreakoutStocks #TradingView
Ashoka Buildcon Ltd Date 11.02.2025
Ashoka Buildcon Ltd
NSE: ASHOKA
Timeframe : Day chart
Technical :
Last one year support trendline re test in confluence with 200 ema, if breaks that then 200 targets on. For long its good risk reward ratio but keep very tight stoploss just below 200 ema + support horizontal band, as rsi is also bearing oversold zone hopefully support should work but don't enter trade in anticipation wait for 1 hr candle formation
Fundamental :
Q3 CONS NET PROFIT 6.5B RUPEES VS 988M (YOY); 4.6B (QOQ)
Q3 REVENUE 23.9B RUPEES VS 26.5B (YOY)
Q3 EBITDA 6.4B RUPEES VS 5.97B (YOY)
Q3 EBITDA MARGIN 26.75% VS 22.47% (YOY)
CO HAS DEFERRED TAX GAIN OF 4.1B RS
Q3 PBT 3.07B VS 1.98B (YOY)
Regards,
Ankur
Ashoka Buildcon Limited - Breakout Setup, Move is ON...#ASHOKA trading above Resistance of 295
Next Resistance is at 454
Support is at 196
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.
Ashoka Buildcon Limited - Breakout Setup, Move is ON...#ASHOKA trading above Resistance of 196
Next Resistance is at 295
Support is at 135
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.
Ashoka Buildcon. Breakout and retest done-Broke out of a base and retest done.
-Volumes are improving
-Trading above Key DMAs.
-Good ROE and ROCE
Keep this on your radar.
SL is deep so please position size accordingly and do not put everything in one go. Fine-tune the SL and Target at your discretion.
Breakout @Ashoka Buildcon
STOCK: Ashoka Buildcon
SETUP: All time high breakout, Stock was facing 195 to 200 zone resistance since feb 24, Given breakout of level in June 24 with bullish close never traded below that level after breakout, Consolidation or accumulation going on after that breakout for almost six months, now stock again giving breakout of consolidation range after six month(big green candles in accumulation time with slow and silent volume)
VOLUME: Volume activity increased
PLAN: Entry above day high, STOP: 260 to 250, Target: 1:2 or 1:3
NOTE: Manage your Risk #For leaning purposes only
NOTE: Take Target or SL whatever hit first, Will not update on same setup again
Breakout from Key Resistance: Keep In Watchlist ✅The stock has decisively broken above the resistance level at 270 with strong volume, signaling bullish momentum. Sustaining above this breakout level can lead to further upside toward 300 and beyond. The ascending trendline provides strong support near 230, offering an ideal risk-reward setup for positional traders.
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.
ASHOKA BUILDCONAshoka 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 44.9 days to 11.6 days
Ashoka Buildcon long setup readyClearly, on the 2-hour charts, we can see the Ashoka buildcon . Can take a long entry above 238 once the breakout of the marked trend line. Watch every time stock touches the 200 EMA level it bounces back with good price action. please keep the stock on your watch list. Good risk to reward trade.