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.
ASHOKLEY trade ideas
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..
Ashok Leyland Wedge BreakoutOn Daily TF, a wedge breakout has been observed. We may see an upward rally in this stock. Besides that, Ashok Leyland reported very good results beating expectations.
Disclaimer: This is not an investment/trading advise, consult your financial advisor before making any investments.
Educational view / Expecting this / Ashok ley landDisclaimer:- This is not A BUY OR SELL recommendation. please Consult with your financial advisor or with broker before taking any trade,
this post is for educational purpose only . warning :- do not jump directly or do not copy my trades
DO your analysis properly
Buy Long Ashok Leyland at 130 for Target of 150,SL -127NSE:ASHOKLEY Flag pattern break out with high volume, expected returns-15.38%
Ashok ley land (just for education purpose)Ashok leyland took support on daily time frame trend line
Buy ashok leyland at 127
For the targey of 132 138 142
with the stop loss of 123
Ashok leylandAshok Leyland @ 142 look very good for 160-165 target for sl 134 risk reward is 1:2 to 1:3.......
Ashok Leyland TrendAshok Leyland 95 very good support
if break out below it will come 87
but if break out strong support 87 i expect freefall
Ashok Leyland Break outguys, Ashok leyland is facing corrections now as the Head & shoulder pattern neck line is broken this week. The expected support zone is between 85 to 80.
Any momentum generated after 90 would be greater potential to bounce back so there are buying and accumulation opportunity available there.
Breakout in ashok leylandBuy above the trendline breakout
That is 138
Targets 141/144
Stoploss 136.50
ASHOK LEYLAND LOOKING WEEK ON CHARTSAshok Leyland formed a hanging man candle on Daily charts which is a bearish one.
Meaning of Hanging Man: elearnmarkets.com/blog/hanging-man-candlestick-pattern/
So it may come down till 130-125.
