The real estate space is witnessing a breakout above a decade long consolidation with most of the stocks forming higher peak and higher trough in all time frame. The share price of Ashiana Housing has generated a resolute breakout above the bullish Flag pattern signalling continuation of the up move and offers fresh entry opportunity. The brokerage expects the stock to continue with its positive momentum and head towards Rs 190 levels as it is the measuring implication of the last one weeks range breakout (Rs 174-159) signalling upside towards Rs 190 levels in the coming week.
(Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.