ASHOK LEYLAND ANALYSIS EXTREMELY WEAK RESULT

AS IT POSTED 93 % DECLINE IN SALES YESTERDAY WHICH IS VERY POOR WE CAN EXPECT GOOD CORRECTION MY FIRST TARGET IS 70 THEN FINAL IS GIVEN WITH ARROW GOODLUCK AND ALSO IT TRIED TO CROSS 50% LEVEL OF FIBONACCI BUT MADE REJECTION DOJI CANDLE AND CLOSED BELOW THAT LEVEL THIS IS ALSO GOOD CONFIRMATION AS MANY STOCKS CORRECT OR BOUNCE OFF THIS LEVEL AND THIS LEVEL SHOULD WORK AS OUR STOP LOSS TOO
NOTE: IT IS MY PERSONAL OPINION NO ADVICE

Comment:

profit booking happened exit if closes above 80

Trade closed manually