PATTERN: Ascending Triangle
BUY ABOVE 122-123 :If breakout is associated with good volume.
SHORTING OPPORTUNITY: IF BREAKS BELOW 102-100
GOOD TARGETS ON BOTH SIDES.
BOTH LONG AND SHORT OPPORTUNITIES.
ASHOKA looks like a strong long candidate as it is having an inverted head and shoulder on weekly charts.
- Strong volumes from last few weeks
- RSI looks bullish > 60
One can go long here
CMP - 114.9
Dips to be added as well till 90-100
Keep Strict SL 78 WCB and Target 142/170/195++
DATE: 24 JUNE 2021
INSTRUMENT: ASHOKA BUILD CON
TREND: BUY
TIME FRAME: DAY
CMP: 103.5
BUY ABOVE: 104
STOP LOSS: 102.15
TGT 01: 109
TGT 02: -
RISK DISCLOSURE:
We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES.
Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
