ASHOKLEY trade ideas
Critical Time For ASHOK LEYLAND's Tour To The SouthAshok Leyland LTD (NSE: ASHOKLEY) is about to go south as it is very close to triggering a Bearish Move as per TTC Breakout Formation . The Critical Make-Or-Break Zone is at around 123 . If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers taking it further down.
For Short-term targets, Trader should eye on 120 Zone . Then 116 is the next support. For Swing Traders, 109 Zone is Very Critical. Below which we can see a good amount of selling.
Ashok Leyland is an Indian automobile manufacturing company headquartered in Chennai, India. It is owned by the Hinduja Group. Founded in 1948, it is the 2nd largest commercial vehicle manufacturer in India, 4th largest manufacturer of buses in the world and 12th largest manufacturer of trucks globally. Operating nine plants, Ashok Leyland also makes spare parts and engines for industrial and marine applications.
Possible Long Term EW Count - AshokleylandThere is a very high possibility that Ashokleyland is nearing a major 5 wave completion.As per my primary wave count we will form a top between 130 and 140 so watch out for an impulsive 5 wave fall to initiate trades . The alternate count is that we are in wave 3(3) in which case the price will push higher much beyond 200, but the probability of the alternate count is low at the moment. The possible targets for the primary count is anywhere between 88-57.
Good Luck Traders.
Possible Next Big Move?Seems like Ashok Leyland has done a good 5 wave correction and is beginning to break out to test the top trend line of the channel it seems to be in, @ 140. Its also the 127% FIBs.
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
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.
Ashokley- shortABC form is very clear, which is happened
on US election
if am not wrong to find the counts.
market will give huge down soon
anyway we small have correction for
next few more days
AshokLey Buy Setup!!Ashokley is all set to go higher from current levels. One can go long on the stock at current levels with stoploss just below 80 levels and targets around 88.5 / 90 levels.
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.
Ashok Leyland Breaks out to Upside (Buy)The price action within the strong consolidated symmetrical triangle breaks upside today that indicates bullishness.
Target:91
Stoploss: 86.50
Ashok Leyland - Breaking Out Intraday Bull CallIt is been observed that the price action made double bottom and then broke out the consolidation at around 95 levels to get back in momentum. Good Buy for intraday.
BUY Ashok Layland @95.40, Target 102RSI - feasible
MACD - BUY Trend
EMI - taking Support and we can expect bounce back
ASHOKLEY to GO UP ShortlyI'm not taking this trade, I just wanna see if my analysis is right or not.
TGT = 95.5 - 96.00
