Trendline Support (Post-COVID): Ashok Leyland appears to be testing a key trendline that it has been following since the COVID-19 recovery period. This trendline, has been tested multiple times before, can act as strong support.
Fibonacci 50-61% Retracement (Demand Zone): The stock is currently sitting in the 50-61% Fibonacci retracement zone "golden zone"
The trendline support and Fibonacci retracement levels makes it an ideal zone for bullish setups.
Fibonacci 50-61% Retracement (Demand Zone): The stock is currently sitting in the 50-61% Fibonacci retracement zone "golden zone"
The trendline support and Fibonacci retracement levels makes it an ideal zone for bullish setups.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.