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.
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.
Understanding market's behavior and its frequent fluctuations is quite difficult. To know about market and useful trading strategies one can take help from experts of financial advisory services providers.
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