harmonic pattern formed in Ashok leylandharmonic pattern formed in Ashok leyland, target defined in the chart
ABCD pattern also formed
ASHOKLEY trade ideas
Ashok Leyland at ATHAshok Leyland trading at ATH, we can see quick upmove of 10-15% from CMP.
Buy at CMP upto 170
Target - 185-200
SL- 160
Ashok LeylandI am in love with this chart. Ashok Leyland since listing in 1999 is in a clear uptrend. The bottom trend is always a definite buy!
Now Ashokley is on the verge of break out, closing above 168rs is a buy idea. Target is the top uptrendline , I suppose it will be around 260-270rs. SL closing below 168rs. The risk (almost no risk) to reward is 1:100
Cup & holder breakout | Ashok leylandAfter a several failed attempts to hold above 160, finally ashok leyland seem like to break it most important resistant zone of 168. In the event the stock will likely to reach above 220 levels in mid term
Major breakout in ashok Leyland On monthly chart of ashok Leyland which is following trend line support and it is now on monthly resistance at 167 -168 now if price conform above 168 it's major breakout in monthly chart
Ashok Ley land Based on Monthly chart.
Already given confirmation in Bullish flag pattern for a Tgt1 : 194± of
When closing above (monthly close) it will get confirmation for cup and handle pattern.
Tgt 2 : 201± & Tgt 3 : 301±
As it is in monthly Time frame, tgt time will take time. Good for long term holding.
Note this is based on chart pattern and for learning purpose. Do your analysis from your side too.
#ASHOKLAYLAND FORMING CUP AND HANDLE PATTERN... IT IS AT ITS MULTIYEAR RESISTANCE...SOON BRRAKOUT CANDIDATE...KEEP IT IN UR WATCHLIST....not reco...post is only for an educational purpose do ur own diligence or check with ur financial advisor before taking any action.
ASHOKLEY viewsAs per my analysis, this script seems to have reacted well after building the support zone.
As shown in the chart drawing, it can hit potential target.
Worth watching for study purpose.
Bullish Cup and Handle Breakout in Ashok LeylandBullish Cup&Handle breakout in Ashok Leyland.
Price has broken out of the 155 resistance area which also served as the neckline of cup and handle pattern.
I expect price to rise further.
Entry can be made on retest of 155.
Stop Loss- 151
Target:-
1. 160
2.166
ashok leyland, LongAshok Leyland, bullish cup and handle pattern. Wait for handle formation for better RR. Risk takers can enter right away. 8-10 percent up move likely in a couple of weeks.
ASHOK LEYLANDMonthly chart ..Initial target of 168 and if it spends a good time around it can break and move all time high .. auto sector might go 🔥
Ashok Leyland # ASHOK LEYLAND
Make falling wedge chart pattern in 4 hour time fram , breakout previous resistance , 50 EMA cross 100 EMA from below and take support of 50 EMA , MACD saw fair value first Target will be 168.30 and stop loss will be 143.30 .
This is for educational purpose not a trading advice , so that's my view comment down your view .
{ASHOK LEYLAND}:[{USING ELLIOT WAVE NOMENCLATURE}]
WAVE 1 : Wave 1 can be either a 5 Wave Sequence structure or a 3 Wave Sequence structure as well, but a 3 Wave Sequence comprises of two 5 Wave Impulse structure hence when Wave 1 is a 3 Wave Impulse WAVE 3 is supposedly way bigger than WAVE 1.(In the above pic also we see WAVE 1 is a 3 Wave Impulse structure.)
Let's Move to WAVE 2 . . .
WAVE 2 : Wave 2 and or Wave 4 both are formed in one timeframe lower to the timeframe in which Impulse is formed, as correction structures have less volume than the Impulses hence we can have a clearer picture in one timeframe lower to the one in which Impulse is formed. Similarly we have a 3 Wave Correction structure in 3 Months chart which defines WAVE 2 a simple correction structure.
Wave 2 is typically 50%, 61.8%, 76.4%, or 85.4% of wave 1.(When we have a 3 Wave Impulse in Wave 1 it shoots from 50% due to more power as there is a double Impulse)
WAVE 3 : Wave 3 is what brings us all to the table; the wave every trader wants to surf . . . Here's ur chance,
We have checked that Price has retraced 50% of the Wave 1 as per Fibonacci Retracement tool.
Similarly we can find out the Target of Wave 3 using Fibonacci Extension tool as follows.
ASHOKLEY - Weekly AnalysisIn the Weekly Chart of ASHOKLEY ,
we can see that, it has given Flag & Pole breakout.
Let it retest and then enter with SL.
Go Long for ASHOKLEY.
ASHOKLEY - Long - Swing tradingASHOKLEY - Broke the descending channel pattern and closed decently with a perfect green candle.
Favorable risk-reward ratio
ASHOK LEYLAND BULLISH CUP & HANDLE BREAKOUT | 1:2.5 RR | SWINGAs Nifty is trading above its resistance area, it looks like the growth is being pushed by AUTO and FMCG Sector.
AUTO Sector has recently broken out of its resistance area and it seems it will continue to go higher in upcoming weeks.
Checking out AUTO STOCKS, Ashok Leyland looks a good pick.
The price has broken out of its resistance area and is trading above Daily 200 EMA.
Also, the price has broken out a Cup and Handle Pattern, which is a bullish pattern.
Entry- 147.5
TARGETS
1- 154
2-160
STOP LOSS
For aggressive traders- 144
For conservative traders- 142
This is a SWING TRADE
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
ASHOKLEY Target 170+++The shark harmonic pattern is visible in the Ashok Leyland,
And the target of leg D (Target 170-80) is still pending. and this stock fundamentally very good & now there structure showing strength in chart.
Good stock for short and long term
BUY ASHOK LEYLAND TARGET 170+Ekdam jhakkas company hai dudes,,the outlook appears promising as the company has a strong product portfolio and is focussing on increasing market share. Sectoral tailwinds such as strong demand, better semiconductor chip supply, and softer raw material price have helped ASHOK LEYLAND post a strong set of numbers in Q3 2023.
bhai log,,company ka medium se long term outlook bahut he promising lag rha h management ki commentatory me dikha,,Trucks and busses ki demand ko dekhte hue ane wale quarters jhakkas result hone ke chances hain. pahle ki tulna me ASHOK LEYLAND ne market share gather krne me uplabdhi hasil ki hai,,overall bat kre to ane wale time pe stock price appreciation hone ki 100% sambhavna h,
ye sab dekhte hue ek trade lia ja skta h small points gain k lie,,buy at current price 152.2 and keep a stop loss at 142 and ride for upside with target of 170+..this company is good so if anyone wants to invest for long term,,definitely can go for long as company is awesome,,and dividend yield is also very attractive..
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Thankyou.
Ashok leylandAshok leyland this stock is trading in a INVERs head and shoulder pattern. Wait for breakout for entry. Note the retest line. This all my study analysis.
ASHOK LEYLAND : Ready To Going Next Move...!last Week All Auto Stocks were traded well. Where Ashok Leyland were traded in very narrow range from oct.2022 at 141 to 159 level. here we can see the Bollinger Band has very tight Squeez from Oct.22 which were opened on Friday with high volume. so we can see the same rally in next week the stock can move to 155 to 159 levels once 159 level break the stock is ready to new high.
Buy: CMP
SL : 144/141
Up Side Move : 155,159,165
Ashok Leyland Finally Ashok Leyland break his downtrend
This is the best time to enter this stock
Flag pattern formation
Target 🎯 - 190
