📈 Ashoka Buildcon – Strong Breakout Setup Ahead? | Swing Trade Analysis
Ashoka Buildcon (ASHOKA) is showing a potential breakout pattern on the daily chart.
Price has been consolidating in a narrow range after a strong uptrend, with rising volume near resistance — indicating possible accumulation by smart money.
📊 Technical View:
Support: ₹158 - 160 zone
Resistance: ₹220 -230 zone
A close above ₹230 may trigger a strong upside move toward ₹310+
RSI near 60 suggests bullish momentum building up
20-EMA acting as dynamic support
💡 Swing Idea:
Watch for a daily candle close above ₹230 with good volume for a short-term swing opportunity.
Stop-loss below ₹155 (swing low).
⚠️ For educational purposes only. Not a buy/sell recommendation.
Ashoka Buildcon (ASHOKA) is showing a potential breakout pattern on the daily chart.
Price has been consolidating in a narrow range after a strong uptrend, with rising volume near resistance — indicating possible accumulation by smart money.
📊 Technical View:
Support: ₹158 - 160 zone
Resistance: ₹220 -230 zone
A close above ₹230 may trigger a strong upside move toward ₹310+
RSI near 60 suggests bullish momentum building up
20-EMA acting as dynamic support
💡 Swing Idea:
Watch for a daily candle close above ₹230 with good volume for a short-term swing opportunity.
Stop-loss below ₹155 (swing low).
⚠️ For educational purposes only. Not a buy/sell recommendation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.