ASHOK LEYLAND Consolidation and BreakoutClear Uptrend with a Pole and flag pattern formation and breakout.
ASHOKLEY trade ideas
View about Ashok LeylandThe stock is good for long as from two days the volumes are increasing in stock as well as there is no weakness in the stock in lower time frame too.
Ashok LeylandDouble Bottom Pattern complete with Weekly BO>112
Targets
136 - Shoulders of H&S formed in 2017
167 - Head of H&S formed in 2017
Stop Loss - 83
Ashok Leyland LongGo long
Interesting momentum
Entry - 126
SL - bit deep at 100
at Impulsive wave already.
can also be a intra day player in the coming days, can see some momentum play.
Around it's second resistance If it breaks its second resistance it should be around its first resistance
Broken Symmetrical TriangleStock Analysis : Ashok Leyland has broken the sym triangle it is good to buy around on retest level on broken supply zone for the target given on the chart.
Let's see..
ASHOKLEY looking good for long positionGood breakout with volume...looking good at CMP 122.95...SL Below 105 DCB
Ashokleyland LongM and W RSI above 60
Bull flag breakout on weekly time frame.
Auto Sector performance improving on a Relative Basis compared to the Broad Market
Enter @ CMP
Initial Stop Loss: 116
Trailing stops with SuperTrend or Adaptive ATR
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Risk Disclosure
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If the market moves against you, you may sustain a total loss greater than the amount you deposited into your account. You are responsible for all the risks and financial resources you use and for the chosen trading system. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor.
All trading strategies are used at your own risk.
ASHOK LEYLANDBuy-115-110
SL-107 Below Closing Basis
Target-125-135-145
Time Frame-1-2 Months
Auto Sector Will Boom As The Decline In Covid Cases & Markets Are Looking Towards The Reopening..
ASHOK LEYLAND BREAKOUT - BULLISHLONG - ASHOK LEYLAND
Target as per the height of triangle - 145+
confirm it with MACD and MVA 9 and 20 crossover
Bullish movement for a further week expected
SL at 110
ASHOKLEY is ready to fly !!!??ASHOKLEY : Formed descending triangle. Seems like it is ready to fly up!
