Ashok Leyland Technical analysis of Ashok Leyland for swing! If you want to appreciate my idea so hit the like button .
ASHOKLEY trade ideas
Big Swing Trade Opportunity in ASHOK LELANDAshok Leyland is around the medium support
With the support EMA is also working and we are getting support around the same level
Support levels are 155-160
We can see jump upto 210 level in coming weeks
Thank You !!
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
ASHOKLEY: Potential Buy Opportunity After Correction
Following a peak at an all-time high of 191, ASHOKLEY appears to have undergone a corrective phase, completing what seems to be an ABB correction wave pattern. Currently priced at 162, recent market activity indicates a bullish momentum with a notable uptick on the daily chart, particularly after touching an extended supply zone, suggesting a potential alleviation of selling pressures.
Analysis of the chart structure reveals a significant support level at the extended supply zone, coupled with a favorable buying range between 113% to 127% Fibonacci retracement levels from its recent swing low. This confluence of factors leads us to anticipate a resumption of upward movement in prices, potentially paving the way for a new high.
To manage risk, we recommend implementing a Stop Loss strategy at 155, triggered by two consecutive days of closing below this level. For swing traders, the initial target stands at 184, with the final target range for short-term traders projected between 196 to 206.
This assessment suggests a promising opportunity for investors to consider ASHOKLEY as a potential buy candidate following its correction phase, with calculated risk management and realistic price targets in mind.
ashok Layland bat patterndue to market fall the stock is under pressure and went high fall last weak.
it is crossed weakly pivot level highly so the fall may continue further.
wait until to reach D paint.
This analysis is for learning purpose only.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
Aditya Birla - RSI breakdown confirmed - Sell below 162.5Hello All,
The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk..
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Have a profitable year ahead
Gautam Khanna
Technical Analyst by Passion :-)
Ashok Leyland is at its Breakout Area and may zoom till 302Ashok Leyland is positioned for 60-70% Growth and may goes upto 302 SL will be 160
ASHOKLEY: Buy Signal and OB Support Ahead of Earnings Event 🚀📉Dive into the dynamic market landscape as we spotlight compelling opportunities surrounding Ashok Leyland (ASHOKLEY). NEOALGO's analysis unveils a promising scenario with a recent buy signal and robust support from an order block, complemented by an upcoming earnings event.
The convergence of a buy signal and support from an order block signifies a potentially favorable market sentiment for ASHOKLEY. As investors consider their strategy, the anticipation of an earnings event adds an intriguing layer to the stock's narrative.
It's essential to approach with diligence. While these insights offer valuable perspectives, NEOALGO is not SEBI registered. Investors are encouraged to conduct thorough research, understanding that their decisions directly influence their profit or loss.
Navigate the markets with confidence, explore the opportunities presented by ASHOKLEY, and strategize wisely based on our detailed analysis. 📈💼 #ASHOKLEY #BuySignal #OrderBlockSupport #EarningsEventInsights
ASHOK LEYLAND | SHORT TERM INVESTMENT Entry Level - 160₹
SL - 130₹
Targets - 190,210,230+
Wait For Entry level
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Ashok LeylandOverall Structure For Ashok Leyland is Bullish and is trading near trendline resistance.. can be considered for A swing trade for target of ATH and above. SL 170 Daily Closing Basis
MyPOV @ ASHOK LEYLANDMyPOV @ ASHOK LEYLAND
For educational purposes only. Not financial advice. Consult a professional before making financial decisions. #Disclaimer
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ASHOKLEY- Swing Trade If ASHOKLEY Sustain above 172 then 175 to 179 then Above this will be more bullish movement we can expect 189 or 192
if ASHOKLEY Sustain Below 172 then 165 to 162 then below will be more bearish Movement can be expected in Stock 152 to 150
Consider Buffer some buffer points in above levels.
Please do your due diligence before trading or investment.
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I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
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Ashok Leyland Ashok Leyland can start a new rise from here for new highs..
Risk reward wise looks strong if hold 173 levels.. We can see a target for 200 -215 & medium term target for 260.
Ichimoku & wave counts support the move
Ashokley NSE in weekly Perfectly broked cup and handle pattern, retested and about to break another trendline in daily timeframe. If breaks that too, I'll go long. It's good for investment and swing trading. It's only my view not a recommendation.
ASHOKLEYLAND daily timeframe analysis for long term
NSE:ASHOKLEY has retested major R become S and consolidated above 167.
We can see long term move above 173 with SL of 165 and can average till 167.
Major targets levels are highlighted in blue lines.
Ashok Leyland (Swing):Ashok Leyland (Swing):
AL has broken and retested a major resistance.
The script is set for a 50-60 % up move.
Appropriate support, resistance levels are highlighted with target.
Keep adding between 170-180 with a SL around 160.
Trade offers a RR of more than 1:6.
Note: Do your own due diligence before taking any action.
Ashok lay land Near cup and handle break out with gud volume. but in daily time frame gave a gud rally in last 15 days. so it may rest here than break out. it may have gud potential upside.
SL 143 .
ENTRY 168
UP SIDE TARGET 250
LEYASHOKSSTOCKConsolidating here after making a new high after years, should jump higher from here .
Cup and handle breakout in Ashokley NSE in weekly It's a good breakout and formed cup and handle pattern in weekly timeframe. Price is still neckline and formed double bottom near support line. It's good for investing and swing trade. Good to buy now. It's only my view not a recommendation.
Ashok Leyland Aggressive Trade-> Ashok Leyland is making an inverse head and shoulder pattern at 1D at demand zone which also confluences with trendline support
-> Conservative entry only after this pattern is broken at 1D timeframe
-> For aggressive entry, there is another inverse head and shoulder pattern at 1H, we can go long after that is broken
-> It is a classic case of a pattern inside another pattern.
Ashok Leland is forming a bullish pattern Ashok Leland has doubled profits from last year and is forming an interesting bullish pattern.
ASHOKLEY for longsASHOKLEY touched Buy Zone, small stop loss 141 levels, we can plan for longs, ASHOKLEY can touch 153/167 levels in short term
