Ashok Leyland - Possible Short Short

ASHOK LEYLANDNSE

Description

⋅ May 10, 2018 5:10 PM

Ashok Leyland

RSI - Negative Divergence
Candlestick - Very close to morning star
MA - Daily candle closing below 10 DMA
Trendline - Price rejection from trendline support

Could possibly go down till 155/150

Trade active

⋅ May 11, 2018 6:21 AM

Trade active

⋅ May 14, 2018 5:23 AM

CMP 158 from 160.

Comment

⋅ May 14, 2018 10:07 AM

Closed at 155. T1- Achieved

Comment

⋅ May 15, 2018 10:38 AM

Both Targets. Reached.

Trade closed: target reached

⋅ May 15, 2018 10:38 AM

Comments

dpk.saralaya

⋅ May 14, 2018 11:38 AM

Hi, Can you give me the target I bought June features @165. Should I hold or exit?

nisarnadaf

⋅ May 14, 2018 12:05 PM

@dpk.saralaya, Hey brother..I am no expert, But I think if it breaks 152-150, It would be difficult for it to cross 165 in coming days. Wait for few days more. Just my opinion. Please Trade @ your own risk

Also, please consider hedging your position while buying future lot.

best of luck :) Let me know how it goes.

dpk.saralaya

⋅ May 15, 2018 10:07 AM

@nisarnadaf, Can suggest me next target?

nisarnadaf

⋅ May 15, 2018 10:40 AM

@dpk.saralaya, Will have to wait for tomorrow's candle. Trade is over as per me here. Thanks :)