NSE:ASHOKA is forming Dual pattern Normally a chart with dual pattern has higher probablity of giving strong breakout and here Ashoka Buildcon is forming Adam & Eve Pattern and Inverse Head & Shoulders pattern in monthly chart and in weekly chart our stocks successfully gave a huge breakout from Cup & Handle
As usual all the important fib are marked...
Entry - above 163
Tgt - 10-15%
Sl - 3%
-- DISCLAIMER --
I am not a financial advisor or SEBI-registered.
This is just a view.
Please DO YOUR OWN RESEARCH before investing in any stock
Happy trading
Peace
#AshokaBuildcon made a strong breakout, and consolating above the #Breakout area., for further upmove.
Follow Risk management for proper stoploss.
Can give very good Risk reward.
Ashoka Buildcon Has gicen BO
> From cmp we can plan a swing trade.
> in MTFA its looks good
> Showing good strength
> Volumes are increasing
Let me know your view in comment section.
Buy Entry @ 102
Target @ 144
Stop Loss @ 91
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best of luck..
Shakthi
Ashoka Buildcon recently got the order from Maharashtra Government. Price action seems in chart .. Now what next refer chart & take position in range of 109-118 with DCB 101 for the target of 130-142 . CMP 122. Volume Break after 13 years & RSI break after 5 years.. Something is cooking.... If close above 143 ready to for 20-30% more up to 197 ... Keep in...
Breakout trading implementation:
1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range.
2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights...
Ashoka buildcon has strong fundamentals good proportion of promoter and retail individual friend holding it is a great breakout right now and we can definitely look after the next higher high level and do the decent stop loss we get 1.28 risk growth ratio and if the volume supports then it can be further higher running per share is good return on equity good
Breakout trading implementation:
1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range.
2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights...
What is a true rounded bottom pattern?
When a price and volume forms similar shape like bowl, then it is a true rounded bottom pattern. In this stock there are two breakout one on price and another on RSI. With this stock may reach to its next resistance which is 138.
Entry CMP
STOP 98.75
Breakout trading implementation:
1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range.
2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can...
Out of the total revenue (on a standalone basis) during the quarter, EPC (engineering,procurement, and construction) road contributed ₹1,410 crore, power sector ₹222 crore, railway ₹163 crore, andremaining ₹190 crore from others. For FY23, EPC (engineering, procurement, and construction) road contributed ₹4,393 crore, power sector ₹675 crore, railway ₹640 crore,...
Ashoka Buildcon has closed above EMA 50 @ 77.15 after taking support at MA 9.
the stock has taken multiple rejections from EMA 100 line which also acts as main resistance to the stock price since a long time.
The stock is expected to reach the target price by taking its previous price actions and current closing above EMA 50.
If the stock price reaches target and...
