ASHOKLEY trade ideas
ASHOK LEY LAND 4H Bullish Butterfly
Vertical line shows STOPPING VOLUME WITH VOLUME GREATER THAN PREVIOUS BARS WITH NEXT BAR CLOSING UP Confirming
RSI BU LLISH DIVERGENCE
Price if BREAKS Trend line(RED) its time to EXIT before SL hits
POTENTIAL BUY
ASHOKLEY BUY FOR 3-4 POINTSDISCLAIMER :
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
ASHOKLEY - MORE PAIN LEFT FOR AUTO SECTORASHOKLEY - GO SHORT WITH A STOPLOSS OF 97 AND A TARGET OF 57 BY MARCH-END AND A FINAL TARGET OF 42. INTERESTINGLY ELLIOT AS WELL AS HEAD & SHOULDERS POINT TO THE SAME TARGET. CONVENTIONAL TA AND ELLIOT SEEMS TO BE IN SYNC
Triangle breakout in ASHOKLEYToday it tried to break triangle upside, but closed below inside it. if it closes above triangle then it will hit 90 level followed by 100 which is major resistance level.
ASHOKLEY is at strong QML - Sort term Bearish in 15 min TFThis stock is at its QM level as per Price Action Analysis and expected to retrace back to 81 levels.
But if this stock sustains above 84.90 price level then it may breakout and go to new highs.
AshokLeyland Bearesh ShortTermI think Ashok Leyland is bearish in short term and may retrace to 79.60 - 79.00
Ashok leyland multi bagger stock target ....100Nifty auto index is ready for golden crassover now
its the time to buy Ashok Leyland.
Target 100
1) target 95
2) target 100
AshokleylandThough the stock has shown bullish set-up since it crossed EMA channel in single blue candle but it's just under the resistance zone, so though it looks bullish according to me one should go long in it only once it gives a close above 88.5
Ashokleyland Earlier Divergence strategy had already given short signal on its daily chart there stoploss was above 80, now this strategy would give a short signal on this 15 minute chart once on monday in first 15 minute candle closes below the low of current candle and then the stop loss would be above 77.5 or close above green line whichever comes first, else just keep riding the move. seems like a jackpot for current month, one can also take positions in this counter using in the money options as well instead of futures, since there is time to current month expiry.
SHORT POSITIONASHOK LEYLAND STOCK IS TRADING NEAR ITS RESISTANCE WAIT AND WATCH
SHORT POSITION BELOW 75 (FIVE STAR) GOOD VOLUME AND OI AT THE STRIKE PRICE OF 75 AND 70
LONG POSITION ABOVE 82 (TWO STAR)
MUST CONSULT WITH PROFESSIONALS BEFORE ANY KING OF INVESTMENT
