Short Ashok LeylandUnless we see closing above 95.6 on the daily chart, there is high probability that Ashok Leyland might go down to 84.5
Ashokleyland
Buying opportunity in Ashok LeylandAshok leyland has formed a morning star pattern accompanied by good volume. It has traded within the downward channel for past few days. Any open above the trendline (around 91) can be seen as buying opportunity with a target of 95.
I am still learning technical analysis. Please feel free to provide your views on my idea.
Possible bottom in Ashok LeylandIt seems that Ashok Leyland has completed a Flat pattern with an extended c wave (c=1.618*a). It can be longed with a small SL of yesterday low for new highs. Further confirmation would be above the UTL.
