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ASHOKA BUILDCON LTDASHOKA BUILDCON LTDASHOKA BUILDCON LTD

ASHOKA BUILDCON LTD

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ASHOKA trade ideas

Another opportunity grab it or leave itEntry 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 provide insights into shifts in market sentiment and potential price movements. 3. **Entry Points:** Breakout points serve as potential entry points for traders looking to ride the momentum of a newly established trend. Buying on a breakout can capture the early stages of a price movement. 4. **Confirmation of Strength:** Successful breakouts indicate the strength of a trend. If an asset breaks out with high volume and follows through with sustained price movement, it suggests a strong trend in that direction. 5. **Avoiding False Signals:** Breakout strategies often include using indicators or confirmation signals to avoid false breakouts. This can enhance the accuracy of trade decisions. 6. **Defined Risk and Reward:** Breakout trading allows for setting clear stop-loss levels below the breakout point, which helps manage risk. Traders can also calculate potential profits based on the distance between the breakout point and a projected target. 7. **Adaptable to Various Markets:** Breakout trading can be applied to various markets, including stocks, forex, commodities, and cryptocurrencies. The concept remains consistent across different assets. 8. **Flexibility:** Traders can adapt breakout strategies to their preferred timeframes, whether they are day traders, swing traders, or long-term investors. 9. **Liquidity Opportunities:** Breakout points are often associated with increased trading volume, which can provide better liquidity for executing trades. 10. **Risk vs. Reward Assessment:** Traders can evaluate the potential risk of a trade (stop-loss) against the potential reward (target price), aiding in decision-making and portfolio management. 11. **Psychological Advantage:** Successful breakout trades can boost a trader's confidence and discipline, reinforcing the effectiveness of their strategy. 12. **Market Events:** Breakouts can occur around significant market events such as earnings reports, economic data releases, or geopolitical developments, offering traders opportunities to capitalize on sudden price movements. Remember, while breakout trading offers potential advantages, it also carries risks. False breakouts and market reversals can lead to losses. Successful implementation requires a solid understanding of technical analysis, risk management, and the ability to adapt to changing market conditions.
NSE:ASHOKALong
by UnknownUnicorn24085472
ashoka buildconOut 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, RMC (ready mix concrete) ₹217 crore and remaining ₹413 crore from other verticals. • As on 31st March 2023, the total order book of the company stands at ₹15,805 crore. Out of thetotal order book, the contribution across segments were: Road EPC ~₹1,728 crore, Buildings EPC ~₹2,221, Road HAM (hybrid annuity modal) ~₹6,318 crore, Power T&D (transmission and distribution) & others ~₹3,965 crore, Railways ~₹1,549 crore and remaining ₹25 crore from CGD (citygas distribution). • Region wise order book was north 5.8%, south 28%, east 6.7%, west 15.2%, central 19.8%, northeast 5.9%, and overseas 18.6%. • The company received additional projects after March 2023 worth ₹2,285 crore. During the quarter, the BOT (build operate transfer) division recorded a toll collection of ₹309.9 crore as compared to ~₹269 crore in Q4 FY22. • The equity component of recent HAM projects for FY24 and FY25 was in total of ₹169 crore. • Toll rate hike for FY23 was 10.5% FUTURE OUTLOOK • The management guided for a revenue growth of 22%-25% in FY24. • It is planning to reduce the debt level in the upcoming years, subject to the level of monetization of assets. • They envisage that the order book would cross ₹20,000 crore in FY24. • The working capital debt would continue to be there in the books of the company and it may also rise due to increased turnover. • Cost of funds would remain at similar levels or might decrease, going forward. • The company would be bidding for various projects of expressways and railways worth ₹20,000 crore each by the end of Q1 FY24. • They are planning to do a capex of ₹80-₹85 crore in FY24. • In FY24, the company expects cashflow of ₹450 crore from Chennai ORR (outer ring road) project and ₹300 crore (net) from Jaora-Nayagaon project.
NSE:ASHOKALong
by Tradernawab
3
Ashoka Buildcon at an Important levelAshoka 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 successfully closes and sustains above EMA 100 then we can look forward to hit target 2. Place strict stop loss of 3.4 % for decent risk reward of 1.33 for target 1. The stock price may retest EMA 50 before hitting Target 1. Since the volumes are huge it may not give an opportunity to take a position. Leave the trade if it goes beyond your risk reward we have thousand other stocks to take trades. exit the trade once the trade hits the target or stop loss. Place stop loss GTT trade while taking the position. remember to authorize the sell every morning to execute the GTT trades successfully. Note,: This is a trade idea upon my personal observation, this is not an recommendation. I request you to do your own research before taking the trade. Do comment for any doubts or clarification.
NSE:ASHOKALong
by harshith67
3
Ashoke Buuildcon India Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
NSE:ASHOKA
by Sunstorminvest