the stock broke out of a 3 month consolidation between 50-70 a few days back. it proceeded to pull back and is now showing strength again
One could enter long at CMP with a DCB stoploss of 64 for possible targets of 80 (recent high) and 90 (medium term high)
Only Educational Purpose. Invest at your risk.
- Clearly trying to breakout from the resistance zone
- once it breaks out as shown in the resistance zone, buy for short term and exit at 101-105 zones.
Ashoka buildcon is consolidating for few weeks after a sharp upside rally. Stock has halt enough and now it looks ready to breakout that accumulation zone.
Wait for the breakout and go long after it gives closing above 55.
Source: Company presentation
Fundamentals Analysis:
Positives:
15.8% Increase in EBITDA.
Receipt of Provisional Certificate (PCOD) for Kharar Ludhiana Road Project (HAM)
Received Letter of Award (LOA) worth Rs. 10,355 Mn from NHAI for road project under Bharatmala Pariyojana (Package-III) in Karnataka under Hybrid Annuity Mode (HAM)
Execution of Concession...
NSE:ASHOKA
Only for education and information purpose. Should not be taken as a trading call
IN this script we may see its trading in a channel and as it's now taking the support of the lower channel along with the previous demand zone supported by the formation of a harmonic pattern so we may see a good move upside where probably resistance will be from 128 to...
Daily/Weekly CCI > 100
While on Daily 2 strength candles have formed
If CCI 34 on weekly crosses below 100,
Exit at the next CCI 8 peak when it reaches > 100
Daily/Weekly CCI > 100
While on Daily 2 strength candles have formed
If CCI 34 on weekly crosses below 100,
Exit at the next CCI 8 peak when it reaches > 100
