ASHOKA trade ideas
DILIP BUILDCON | 40% swing potential | DivergenceCMP- 83
SL- 75
Target- 118
(10/5/21)
-Weekly / Daily EMA negative
- AREA OF CONFLUENCE - S/R and trendline support
- RSI Divergence in 4hr TF
- Volumes are starting to pick up
- Trendline break may confirm the entry
- Crucial structural zone
Only negative factor here is stock is below important EMA's
ASHOKANote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
BONUS DAILY SWING CALL // Tuesday 16th of February 2021 / ASHOKABONUS DAILY SWING CALL // Tuesday 16th of February 2021 / NSE:ASHOKA
// 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: 109.00
TARGET: 125+ (15% Around)
STOP LOSS: 98 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
Ashoka Buildcon -Retesting levels Ashoka buildcon on its support on both timeframes (weekly ,daily).good Risk reward ratio .SL will be around 84 and target 1 would be around
105.
It is on its support on daily timeframe (in channel pattern)
and also on weekly time frame it is on great support refer chart.