AshokLeyland - good opportunityGood opportunity though auto sales are lagging numbers but once the pandemic is over auto sector would perform.
ASHOKLEY trade ideas
ASHOKLEY SHORT TERM SWING TRADE SWING TRADE FOR ASHOKLEY. TIME HORIZON (1-15) DAYS
BUY AROUND 49-49.1
TARGET AROUND 52
STOP LOSS 47
Ashok Leyland Buy Setup, Buy above todays High , Pref entry 50.5Ashok Leyland Buy Setup, Buy above todays High , Pref entry 50.5.
R:R 1 : 2.5.
Trade only above 50.5 Target 58-60-Open
S.Loss 47.75-50
Tech Indicator : Stock RSI forming buy : Day Chart
SWING TEADE - stock uptreand .buy at the dip of the market AS the stock is in uptreand and making higher high .buying at the dip of the stock and target would be the previous higher high
Ashokley At support level of trendlineHave an eye on ASHOKLEY price action on 1-July-2020 on daily closing basis, if it takes support at this level it can rally further. it has fallen 20% from it's peak.
6th attempt lucky 83.25 first target.Had 5 attempts previously to break 52.40 now in the 6th attempt it has managed to stay above and probably a little test of 52.40 before the golden cross on the 4hr happens .
With the downtrend line being so close and this reversing after 2 years i feel we blast through and possibly reach 123 relatively fast.
Stop loss just below support so around 49.85 and go big on postion size.
Good for intra day on open 60.70 first stop if u do....hop on :)
Hinduja brother's lets move them up in the rankingsThis has been a downtrend since May 2018 and now looking promising and in my guess should break the downtrend.
It already made a bottom of 33.50 and has doubled since then i think it should carry on till 123 in the mid term.
Low time frame chart to follow.
ASHOKLEYLAND Buy For 48.8 49.05 53.2 54.15 57.8 60 62.18 (TF 2W)ASHOKLEYLAND Buy For 2 Weeks
48.8 49.05
53.2 (Safe Traders Book Here)
54.15 57.8 60 62.18
SL 39
Short Ashokley : Bearish Harami Short @51.5-52.5
Stoploss @55.5
Target 1 @46.8
For educational purpose only.
Risk to reward is pretty good. Risk to reward is pretty good. could see 70 levels if does not close below 30
Ashok leyland below Value area.See how value creates support and resistance zones for price. supply and demand and how the sellers position themselves at the value high and buyers at value low. Once these levels get broken, there is a change in supply and demand dynamics. As you can see in the chart it was broken with pinbar ( shown rejection).
Long Ashok Leyland Target toward 50-53
Thanks
