ASHOKLEY trade ideas
Ashokleyland LongM and W RSI above 60
Bull flag breakout on weekly time frame.
Auto Sector performance improving on a Relative Basis compared to the Broad Market
Enter @ CMP
Initial Stop Loss: 116
Trailing stops with SuperTrend or Adaptive ATR
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ASHOK LEYLANDBuy-115-110
SL-107 Below Closing Basis
Target-125-135-145
Time Frame-1-2 Months
Auto Sector Will Boom As The Decline In Covid Cases & Markets Are Looking Towards The Reopening..
ASHOK LEYLAND BREAKOUT - BULLISHLONG - ASHOK LEYLAND
Target as per the height of triangle - 145+
confirm it with MACD and MVA 9 and 20 crossover
Bullish movement for a further week expected
SL at 110
ASHOKLEY is ready to fly !!!??ASHOKLEY : Formed descending triangle. Seems like it is ready to fly up!
ASHOKLEY SHORT {Head and shoulders chart pattern breakout}Ashokley Short
Sell=126.20
SL=136.45
TG= 106
Ashok leyland showing a nice wave structureAshok leyland is showing a very nice wave formation at current level it looks like we have completed wave A and heading for wave B which has 3 wave in it and two waves already over and now we are heading for the third wave which is trade able for a very short target of 127 but if the whole ABC correction is over than we are heading for bigger Wave 3 which can extend to 270-80 levels from current level which will be a great trading opportunity above the down trend line coming from top of wave 5 of 1
WAVE 3 - ASHOK LEYLANAfter completion of wave 2, Ashok Leyland is into Wave 3. Price is expected to reach 180 from current levels.
ASHOK LEYLAND IS READY FOR AN UPSIDEASHOK LEYLAND SEEMS TO BE READY FOR GOING HIGH AND BREAKING THE 52 WEEKS HIGH SOON
Ashok Leland.. Long!? Good bounce from support. Above 123.80 I think it's possible 127-130 coming days...
Not any trading advice or trade suggestion.
Broken supply zone Ashok Leyland broken support as long it is not crossing 127.50 on supply zone, expect to reach the target marked on the chart.
let's see...
Ashokley - Bullish Divergence SpottedStock may have taken support here from a down trend. Also Bullish divergence is there in RSI. This can be a swing trade if the support is proven to be correct.
Disclaimer :- Kindly do your own research before taking any position. Market is all about probability, maintain you SL stickily.
