Selected stocks for swing term and analysis of nifty and realestate index
Ashoka is just below the 200 EMA, very important MA...if it pops up above it and doing good volumes it could reach 119...Trade cautiously. Put a SL. Do your own research. The channel pattern is plotted on weekly TF
Stock Analysis: Ashoka Buildcon has broken the trend line and it is trading on retest level as long as it is not closing below demand zone expected target are marked on the chart. Let's see.
Expecting a small dip till the support, & then the breakout. checkout for volume & trade the breakout.
Just broke 2 3 days trend possible upside till 120
Symmetrical triangle weekly Breakout but Negetive RSI divergence if you don't care indicator then perfect long trade but personally I will wait for monday closing and see RSI !!
Ashoka CMP - 100.70 Looking bullish in higher time frame. One can go for Swing / Short Term Trade setup with the following entry, exit & targets Buy at or Above 97 - 102 ONLY / Stop Loss 84 Target 1 - 105 Target 2 - 110 Target 3 - 115 Swing Targets - 145 Disclaimer: This is my view and for educational purpose only.
Please do your own research before trading or investing.
#Ashoka weekly range breakout on chart enter above 73 Target 77 83 90+ Breakout retest zone 64 Sl 58 dcb
Above 70 stock will lead to the level of 90 !
Ashokbuildcon has breached recent consolidation resistance of 70. if it sustains above 70 on daily basis, New support will come 70 levels. If possible, 66 levels could be a bargain buy, but quite difficult to reach. 70 could be a better entry. 90 looks target.
Ashoka Buildcon buy range 155-160 SL150 hold for long term Target 250+++