ASHOKLEY trade ideas
#ASHOKLEYASHOK LEYLAND
Sector: Consumer Cyclicals
Industry: Auto & Truck Manufacturers
Employees: 11835
Ashok Leyland Limited is a holding company. The Company is engaged in Commercial vehicles and related components. Through its subsidiaries, it is engaged in manufacturing and trading in Medium and Heavy Commercial Vehicle, Light Commercial Vehicles, Passenger vehicles, automotive aggregates, vehicle financing and engineering design services. It offers a range of 18 to 80-seater buses under categories, such as city application and electric buses. It offers a range of trucks, which include long haul trucks, mining and construction trucks, and distribution trucks. It designs, develops and manufactures defense vehicles for armed forces. It offers Light Vehicles, which include DOST, PARTNER, STiLE and MiTR. It offers power solutions for electric power generation, agricultural harvester combines, earth moving and construction equipment, and marine and other non-automotive applications. It has operations in India, Sri Lanka, Bangladesh, Mauritius, the Middle East and Africa.
buy ashok leylandcorrective pattern looks completer. expecting an upswing move.
trade with care. thanks
56. Passive Anal. bullishGood Volume bullish
Gapup or gap down may change the scenarios. For Educational Purpose only.
Ashok Leyland- Breakout buyRectangular breakout through resistance. Given pullback at resistance. Trend-line breakout. 20dma crossed 50dma indicating positive momentum. Volumes higher than 10 day average. Price crossed 100dma and given pullback at 100dma. Target-120, SL-90
Ashok LeylandStock is in a downtrend, and has witnessed a counter trend pullback to the down-sloping trendline. Price expected to come down to atleast 88, and eventually may give a new low.
Hormonic BAT without ball pattern - shortterm couple of days.Validating short term pattern and next day opening. T1,T2 ARE depicted as two trades.
THIRTY MINS MAGIC in AshokLeyland After a huge drop in recent months Ashok Leyland takes a reversal and it already started its upmove , get ready folks
Long term bet - ashok leylandAshok leyland has been falling like a knife, without much bounces, but a very big support is seen nearby 74 odd levels, one can look to buy there. will update once the actual level of 74 is reached. Will have to look at the price action from there to understand if it can be kept for long term or short term only.
Perfect Elliot Wave In Ashok Leyland (Probability 2)We're in the correction waves of Elliot with a perfect head and shoulders at the end of impulse. Another head and shoulders is seen in making which also completes the corrective waves. (Fundamentally company is cool, this is just the mood of investors captured by the Great Elliot
Perfect Elliot Wave In Ashok Leyland (Probability 1)We're in the correction stage of the long term elliot wave in Ashok leyland. Perfect head and shoulders seen at the end of Elliot's impulse wave.
Hence there can be two possibilities according to elliot wave (there can be more, is pointed two most probable) and this is Probability 1
Ashokley Long RSI, MACD and Stochastic showing potential divergence and Bullish Engulfing candle also hinting of short term bullish momentum building. Buying above 104.50 stoploss at low of engulfing candle 50EMA i take as first target, Lets see what happens.
ASHOK LEYLAND - WEAK STRUCTURE#ASHOKLEYLAND
CMP 102.9
Bias - Bearish SUBJECT TO BREAKDOWN OF 100 LEVELS.
Weekly chart shows a perfect H & S pattern.
Price at the neckline region with higher probability of breakdown.
Breakdown of 100 possibly could be disaster for the stock.
Pivot based ema oscillator is at a new 2 year low.
Next major support seen in the region of 80-82. Camarilla S4 at 88.
View negated if price crosses above 112.
