However, we know that nothing is 100% in . So, in case we dont break the support and start a fresh , the green lines would act as a good support where positions can be taken for mid to long term investors.
For intraday, a clear break above the orange line could send us to the red line above it which is the next major resistance after the orange line.
This is not a financial advice and strictly for educational purpose
Ashok Leyland is a curious case. After breaking down from the downtrend line, it formed a fresh uptrend line and a ascending triangle which could mean a break out in the short term.
However in the long time frames a trend reversal is still in play until we break out of the descending triangle.