ASHOKLEYLAND Breakout confirmation in weekly chart
ASHOKLEYLAND
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1. Confirmation of weekly chart breakout
2. Support at 109 is strong.
WHERE TO ENTER
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I hope it will retest 119.40-118.05. This is a good entry point. I am planning to enter here. If it doesn't go there this week, then either I wont get the entry or I have to analyze this again next week.
WHERE TO EXIT
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There are multiple exit points. These are actually resistance point. The stock may find these levels as hurdles. Before crossing these levels it may create a new higher low and then cross it. Targets: 132 - 150 - 164
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1. Confirmation of weekly chart breakout
2. Support at 109 is strong.
WHERE TO ENTER
---------------------------------
I hope it will retest 119.40-118.05. This is a good entry point. I am planning to enter here. If it doesn't go there this week, then either I wont get the entry or I have to analyze this again next week.
WHERE TO EXIT
---------------------------------
There are multiple exit points. These are actually resistance point. The stock may find these levels as hurdles. Before crossing these levels it may create a new higher low and then cross it. Targets: 132 - 150 - 164
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