ashiana housing ltd: Stock Radar: Ashiana Housing stock shows signs of bottoming out after 20% drop; time to buy?

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Short-term traders with a high-risk profile can look to buy the stock now for a target of Rs 450 in the next 3-4 weeks, suggested experts.

Synopsis

The stock hit a record high of Rs 468 in June 2024 but dropped over 22%, closing at Rs 364 on January 7, 2025. After testing the 89-week EMA in October, it reclaimed the 50- and 21-week moving averages, signalling bullish momentum. With a 30% rise in 3 months, it could reach Rs 400-450 if upward momentum sustains.

Ashiana Housing Ltd, a part of the realty industry, is showing signs of bottoming out even though the stock is down over 20% from the recent highs, which suggests that bulls are planning to make a comeback.Short-term traders with a high-risk profile can look to buy the stock now for a target of Rs 450 in the next 3-4 weeks, suggested experts.The stock hit a record high of Rs 468 on June 20, 2024, but failed to sustain the momentum. It closed at

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ETMarkets.com

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