ASHOKLEY trade ideas
ASHOKLEYIn today's trading session the stock has given good breakdown. Now it's time to retest breakdown level. If this happen, we can see good downtrend. So keep an eye.
If you like my idea then please follow me on tradingview.
Thank you
Ashok Leyland ..As I mentioned already, This stock is respecting those levels:- Enjoy Trading Profitably
Key Levels for Ashok LeylandPossible breakout to upside:-
Buy near Rs- 125 for the range of Rs 140 price only if bullish reversal candle forms.
ASHOK LAYLANDINVERTED HAMMER FORM AT SUPPORT. RETEST DONE AT PREVIOUS RESISTANCE WHICH BECAME SUPPORT NOW
ASHOK LEYLAND The stock can give a good move up to the level of 145.
Buy - 134+
T1 - 137+ (By 07-02-2021)
T2 - 145+ (By 12-02-2021)
SL - 132
Triggers -
Better earnings are expected to be reported for Q3.
Announcement concerning scrappage policy in the Union Budget is considered good for the automobile's commercial vehicle segment.
Ashokley - Bullish Wolfe WaveAshokleyland has bullish wolfewave on 30 mins Timeframe. Targets on chart...
Ashok Leyland - Expanding Channel BreakoutThe price made Expanding Channel pattern and retesting the support level after Breakout.
bullishvolumes are rising , stock has risen 30% from our firs entry (you can check private call) ,price is above 200 MA and making wide spreads with volume , next target i see around 132 .
Ashok LeylandAshok Leyland looks good for Short to Medium Term.
Looks good if Weekly Close above 113.
Target1 --> 135
Target2 --> 165
Target3 --> Open
Ashok leyland go for longIn 1 hr time frame uptrend formed
By breaking flag pattern and channel.
Wait for a retracement in 1 hour and go to the entry.
Target has given in Fibonacci, 103 and 109
Ashok Leyland at strong support and resistance level. A magical number of 100 has acted as a very strong support and resistance level in past. Price is ranging in that level since last few days. High point and low point around this flip are almost identical. Crossing and sustaining above this hurdle can give good move in mid to long term. For educational purpose.
Ashokley Ashokley is looking bullish, you can long it, be cautious since the markets are at a record high, Supports and Resistances are given...
This is just for educational purposes.
ASHOKLEYLAND BUY SIGNAL (EDUCATIONAL)If the channel and trend line is respected then,
T1 - 110
T2 - 130+
T3 - 165+
Additional factors that will support this growth -
x Improving fundamentals & balance sheet via cost reduction measures (Near term. Positive impact ).
x Strong recovery to almost pre-covid levels. Further growth in CV can be fueled by rise of Ecommerce demand and Make in India. Both of these are fundamental and permanent shifts (Mid term. Major positive impact )
x EV stake sale (small) for $ 300 Million (Near term. Positive impact )
x Government scrappage policy (Mid term. Major positive impact )
x Defense play (Mid term - Long term. Major positive impact )
Please share your views in comments.
Ashokley - Pennant?Ashokley looking bullish as it consolidated for few days and formed a pennant. a supply zone on head giving resistance. It might gap up . Lets see how it react. Targets on chart...
ASHOKLEYI'm not an expert I'm just sharing my views on ASHOKLEY for next trading day
I'm not responsible for any profit or loss this is not a recommendation
