ASHOKLEY trade ideas
Ashok Leyland - LongAshok Leyland CMP - 92.15
Looking bullish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Buy at or Above 93 Only / Stop Loss - 91
Target 1 - 94
Target 2 - 95
Target 3 - 96
Disclaimer: This is my view and for educational purpose only.
Ashok LeylandIt is a Weekly Chart.
Around the zone of 100 is an intersection of a few resistances, so it is better to enter above 101.
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Ashok Leyand - 124 coming soonAshok Leyland has seen a good bounce back. All the mis conception of commerical vehicle sales slowing down seem to be negated. With the covid vaccine launch any time soon the demand for cold storage vehicles will drastically shoot up to make sure the vaccine reaches every corner of the country.
Buy with a target of 124 for now and watch out for more based on the trend.