ASHOKLEY
The stock has given a breakout above its resistance given by the May 2018 all time high of 167.
The Monthly RSI has still not touched its Overbought zone.
In the past, a breakout above all time high has given a minimum test of 161.8% FR Level, so stock could see at least 250. Optimistic long term target is at 600 (423.6% FR Level).
Bullish view remains intact as long as price survive 165!
ASHOKLEY trade ideas
ASHOKLEYNSE:ASHOKLEY
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Ashok Leyland Bags INR8 Billion Order from Indian ArmyAshok Leyland NSE:ASHOKLEY secured an order worth 8 billion Indian rupees from the Indian Army, according to a Monday release.
Recently, NSE:ASHOKLEY traded close to a recent supply zone, and today's last candle had a significant amount of volume.
It is anticipated that NSE:ASHOKLEY will start the day with a gap up zone and touch the levels of 175.60 as target1 and 179.20 as target2.
NOT A TRADE RECOMMENDATION
ONLY FOR EDUCATIONAL PURPOSE
Investment pick of the week!Ashok Layland made its previous high on April 18. After 5 years of consolidation and after testing the resistance multiple times it has finally given breakout. Now the stock will trade under blue sky so there will be no possible upper limit. This is the right time to invest in the stock as Layland is the third best company when it comes to bus production. The stop loss given here is for the traders. An investors should keep a deep stop loss of 130 or even more on weekly closing basis.
CMP - 171 (14/7/23)
T - 250, 380 W
SL - 158 W
ASHOK Leyland Make ascending triangle chart pattern in daily time fram , 50 EMA cross 100 EMA from below that's bullish Sign , price is at 52 week high take break out at resistance level and make retest at same level so first Target will be 185.75 and stop loss will be 146.95
This is for educational purpose not a trading advice so that's my view comment down your view 🤗
ASHOKLEYNSE:ASHOKLEY
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Ashok Leyland, Positional Trade Idea.Ashok Leyland has created a cup and handle formation on weekly charts, which would be validated if price crosses 175 with good volumes. Keeping a stoploss of previous swing low, it can be a good postional trade setup. That said, it is always a great idea to trail your profits using moving averages or ATR or any trend following indicator.
Ashok LeylandI am in love with this chart. Ashok Leyland since listing in 1999 is in a clear uptrend. The bottom trend is always a definite buy!
Now Ashokley is on the verge of break out, closing above 168rs is a buy idea. Target is the top uptrendline , I suppose it will be around 260-270rs. SL closing below 168rs. The risk (almost no risk) to reward is 1:100
Ashok Ley land Based on Monthly chart.
Already given confirmation in Bullish flag pattern for a Tgt1 : 194± of
When closing above (monthly close) it will get confirmation for cup and handle pattern.
Tgt 2 : 201± & Tgt 3 : 301±
As it is in monthly Time frame, tgt time will take time. Good for long term holding.
Note this is based on chart pattern and for learning purpose. Do your analysis from your side too.
Bullish Cup and Handle Breakout in Ashok LeylandBullish Cup&Handle breakout in Ashok Leyland.
Price has broken out of the 155 resistance area which also served as the neckline of cup and handle pattern.
I expect price to rise further.
Entry can be made on retest of 155.
Stop Loss- 151
Target:-
1. 160
2.166