ASHOKLEY - Long - Swing tradingASHOKLEY - Broke the descending channel pattern and closed decently with a perfect green candle.
Favorable risk-reward ratio
ASHOKLEY trade ideas
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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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
In a descending trend and took a weekly good supportIn a descending trend and took a weekly good support
Preparing for Breakdown!!!The Scrip is looking weak and it has formed a HnS pattern on chart., 140 is a good support of this stock and breaking below this level can lead to a good correction. Keep this in radar.
Ashok Leyland 168 ResistanceWith a target of 165 -168 Ashok Leyland would probably continue its onward journey from the CMP of 149.
Stop Loss: 140-141
Return : Mid
Risk: Low
Ashok leylandDisclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView.
ASHOKLEY Best Entry Positional LevelAs per my analysis NSE:ASHOKLEY best entry level is 143.50.
Can hold positionally till targets of 151, 158 & 161
My stop loss will be 133.00
Note: This is my personal analysis, only for learning.
Thanks.
Ashok Leyland Buy Setup for T-170AVWAP AND RS
Long set-up for 170 target.
Avwap support and Fibbonacci 38.2% retracement
Ashok Leyland - LongAshok Leyland is on a break out level at 2018's high. It will retrace now to 152-148 level in short term before making another high or low. Next few trading sessions will be interesting to watch. I will buy once it retrace to range of 156-140 for 3-6 months time.
ashok leyeland has a target of 181.7stock is heading towards the meeting point of R3 picot point and the channel top which is at 181.7
#Ashokleyland #CUP&HANDLE #BULLISHAshok Leyland: Keep eyes. It is formed copy book C&H pattern on weekly time frame. At this juncture, more then a BO some more sideways price & time consolidation will give more solidity for sustainable BO. Overall view here and for Autos is continue to be positive.
ASHOKLEYLAND ..Ye trade LEYCup and handle pattern breakout...new price range..buy ..stop and tgt given on chart
Ashok Leyland_Short Term TargetAshok Leyland_Short Term Target
Head & Shoulder Pattern.
Ideas for this are welcome
ASHOK LEYLAND Trend AnalysisThe second-largest Commercial Vehicle manufacturer in India.
Already manufactured 40 electric buses for Chandigarh which will be operated under Switch Mobility Automotive Ltd.
The high cost and range of EVs are the barriers unless every state govt. plans to start their fleet of EV buses and battery tech evolves with proper charging infrastructure.
Private players will be the last to switch from ICE to EVs unless govt. gives better subsidies.
As per FAME India scheme , the incentive is linked to battery capacity i.e. Rs.10,000/KWh for e-2W, e-3W and e-4W.
Then comes the flex fuel engines which will bridge that gap meanwhile considering no charging infrastructure developed as of now, which may develop by 2030 to sustain EVs ecosystem.
I don't see any good reason to buy such over valued stocks considering their fundamentals just because of EV hype.
Fundamentals are not good though turn around potential might happen in future if sales improve with reduction in debt.
OPM% came lower on account of steep rise in raw material cost.
I don't want to copy paste the data which are readily available at screener.in to keep my posts short and to the point, kindly check the fundamentals there.
Technically price is heading towards its resistance level around 150 with decline in volume and potential divergence with awesome oscillator.
Though it looks like reverse Head & Shoulder pattern, it is just an extended pullback (X wave of WXY correction).
Accumulate around 70-80 levels as it lies at the Golden FIB with confluence of trendline support and edge of the pitchfork.
Short term swing target @ 120 (55% ROI with 3.47 R:R)
Medium term positional target @ 185 (139% ROI with 8.76 R:R)
Long term positional target @ 270 (249% ROI with 15.67 R:R)
Stop loss @ 65 (Optional)
Every detail I wrote here are my views only. Do your own due diligence before taking any action.
Peace!!
ashok leyland - bullishashok leyland making an inverted head and shoulder pattern on the weekly basis. We may see breakout above 140 levels, can move towards 160 - 190 levels, watchout for it.
Disclaimer : this is my personal view please contact your analyst before taking position.
H&S IN ASHOK LEYLANDHigh volume indesition candle is formed towards breakout of head and solder with multitouch resistance..
