*Ashiana Housing Ltd*
C&H; Formation on Yearly Basis.
Strong Price BreakOut & Sustained.
Vol. Consolidation gaining Traction.
RSI: 1H W <M. All in Bullish Zone.
EMAs: Widening Gaps amongst 20/ 50/ 100/ 200 levels.
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
RE Sector outlook highly+ve.
Do Your Own Research as well. This is an Opinion.
*_Happy...
ASHIANA Housing Ltd Given breakout of Inverted Headshoulder we can accumulate this stock only after Reversal we can see a Good 30% move in the coming days Target will 400
ASHIANA 1d time frame
buy @ 257.50 target@ 286.50, 289, 299
ascending channel breakout
risk reward 1:1
its just a view trade @ your own risk
sl@ 228.80
ASHIANA HOUSING: Real Estate sector is making high now after long consolidation and became best performing sector.
ASHIANA Housing, one of the cleanest promoter company in a sector which is not famous for, is making new high and recently broken high of 2017 and now seems to reach ATH. With good tailwind, whole sector is doing good, so can ASHIANA too...
Keep...
Ashiana's core business model is to buy land, turn it into a residential building, and sell it. Inventories should be liquidated in a 5-7 year timeframe. Management targets projects with gross margins over 30%.
2017-year high breakout with volume
380 targets with stop loss of 170
no recommendation for buy and sell
Inverted head and shoulder, breakout from falling trend line and follow-up reversal, stock is outperforming nifty index - All these parameters suggest that we can purchase this stock at CMP and add more close to 144.
Technical target comes at 174.
Keep a stop loss below 133 for this trade.
All levels are on daily closing basis.
Ashiana housing
1. Technically available at attractive price point
2. Coming out of a bad business cycle a possible turnaround.
3. Support of some good mutual funds.
On Daily chart trading above 200SMA and continuously taking support on trend line.
While going up we can see good volumes compare to downward swing
if trades above 90.15 can go long
1st Target 105
2nd Target 118.55 (keep trailing and bring your stop loss to 1st target)
stop loss will update according to break out structure or 72.90
