ASHOK LEYLAND - WEAK STRUCTURE
#ASHOKLEYLAND
CMP 102.9
Bias - Bearish SUBJECT TO BREAKDOWN OF 100 LEVELS.
Weekly chart shows a perfect H & S pattern.
Price at the neckline region with higher probability of breakdown.
Breakdown of 100 possibly could be disaster for the stock.
Pivot based ema oscillator is at a new 2 year low.
Next major support seen in the region of 80-82. Camarilla S4 at 88.
View negated if price crosses above 112.
CMP 102.9
Bias - Bearish SUBJECT TO BREAKDOWN OF 100 LEVELS.
Weekly chart shows a perfect H & S pattern.
Price at the neckline region with higher probability of breakdown.
Breakdown of 100 possibly could be disaster for the stock.
Pivot based ema oscillator is at a new 2 year low.
Next major support seen in the region of 80-82. Camarilla S4 at 88.
View negated if price crosses above 112.
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