ASHOKLEY trade ideas
ASHOK LEYLAND WEDGE PATTERNHello
Welcome to this analysis about ASHOK LEYLAND , we are looking at daily timeframe perspectives. ASHOK LEYLAND is developing here that will be a decisive factor in the upcoming times. I discovered the main formation ASHOK LEYLAND is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how ASHOK LEYLAND has emerged with this key WEDGE PATTERN marked in my chart with boundaries. which is an important resistance and also psychological resistance-mark together with the lower-boundary of the WEDGE PATTERN
In this manner, thank you for watching my update-analysis about ASHOK LEYLAND and its major WEDGE PATTERN with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
Ashok Leyland Short Term Break outThe stock has broken out with good volumes and retested the upper trendline. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 1:1
SL is placed below the support zone, Upper and Lower Trendline. The target is placed near swing high.
Ashok leyland Short NSE:ASHOKLEY I am expecting a bearish trend in Ashok Leyland after a trend line break down today possibly in the 3rd of C Wave. It seems Ashok Leyland is in an ABC correction pattern. The depth of correction can be at 128.9, 126.55, 125.1, 121.3 and 119.75
Triangular Breakout in Ashok LeylandA clear Triangular pattern Breakout in Ashok Leyland , 10-15% gain in 1 month seems achievable.
Breakout and formation of cup and handleThe stock has shown a breakout from its previous resistance level of around 136 with great volume. There is also a formation of the cup and handle formation on the weekly time frame chart. There is a buy call in the stock with a price target of 250 and a time target of 6 months. The stock has also seen a MACD crossover and breakout of RSI above 60 levels.
Ashok Leyland - BreakoutAshok Leyland has given a super-strong breakout from triangle like pattern. Volume is also extremely strong. A small pullback would be a good entry.
Disclaimer- we are holding the share from lower levels, added positions on breakout as well.
Targets - 145.
Note - This material is only for informational purposes, please do your own risk management prior to taking positions.
ashokley31/7/21A decent flag pattern is formed on weekly and also daily by breaking trend
line on fourth time with good volume on daily t.f .but did not close above 134,
if there are any bullish confirmation above 134 resistance then i will enter the stock
Ashok LeylandMulti year Resistance breakout... This chart is meant for learning purposes only. Invest your capital at your own risk
ASHOKLEY - short AUGUST FUTURES below 124short below 124 close (15 mins candle close)
Target 1 - 121.25
Target 2 - 117.20
Stop loss - 132
weekly pennat pattern form in ashokley weekly support resistance pennat pattern form in ashokley strong @113 support from last 3 month way to long view
Ashok Leyland - Long above 100/-NSE:ASHOKLEY
As market corrects, it will be good opportunity if AshokLeyland corrects up to 100/- Buying would be suggested for 150/- to 170/- range
A bearish gartley is formed in ashok leylandashokley is trading at crucial levels, given a close above 130 in a weekly chart, view must be positive but as we can see a bearish gartley is forming so we should watch it on the first hour of trading. if it shows a fresh buying , then keeping a stoploss of 129. 50 in hourly closing a fresh target must be 135.5.
it must not breach 135.5 in a 4 hour candle close in coming week else a nervous buying can take this stock towards 150.
Ashokleyland can go long above 133.05Ashokley: Add to your watchlist
Entry only if it closes above 133.05 on daily basis
SL: 118
Target: 165 plus
ASHOK LEYLANDASHOK LEYLAND
WEEKLY CHART
FORMING CUP AND HANDLE
BULLISH TREND OF EMA
BULLISH MACD CROSSOVER
GOOD VOLUME
BULLISH RSI @ 63.86
BUY CMP @ 128
SL @ 107
TARGET @ 231
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