Key Support / Resistance Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Key Support & Resistance Breakout. Stock has give Breakout of Resistance level. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think.
ASHIANA trade ideas
Ashiana Housing Ltd.*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 Investing _*
ASHIANA HOUSING: MOVING TOWARDS ATHASHIANA 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 watch on this, keep SL around 235 (-7%)
breakout 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
Ashiana housing - positional long ideaInverted 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 SWING TRADEOn 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