Ashiana Housing CMP 183 - Can rake in money

A good accumulation is happening in Ashiana Housing around 180 levels. On 20th of December SBI mutal fund bought 1.7% stake in Ashiana Housing. I feel this stock is grossly underown. On Valuation front it looks fairly valued and can get re-rated in next couple of quarters based on Government focus on low cost housing theme.

Technically price consolidatation is happening in the range of 165 and 184 from last 20 weeks or so. Ashiana needs to break 185 with Volumes to resume the uptrend. It can reach first target of 213 and subseqent target of 290 in next 2-3 weeks and 3 months respectively.

Note: I reserve the rights to be wrong! take advice from your financial advisor before investing.

Technical Chart - Prime Focus a multibagger in making

After a long break from my blog, Let us focus on my next pick from Movies and entertainment sector.
Prime Focus Ltd CMP 115 has broken on a weekly chart after a sideways consolidation of almost 9 months. It was moving in range of 90 to 115. One can buy Prime Focus once it gives a confirmation by trading above 116 for an hour, a strict stop loss of 107 should be considered to cut down the position on a closing basis for an initial Target of 165 and 200 in next 3 and 6 months respectively. CMP is clsoing price on 22nd of December 2017



Fundamentally, Prime focus looks good having fair valuation with Positive financial Trend having good last couple of Quarters.

If this post has helped you, please subscribe to my blog and Twitter handle: "@rd4valueinvest". Share your feedback.