Pros
Ashok Leyland chart looks good for reversal.
Auto sector looks relatively strong compared to other sectors in this fall.
Risk:Reward
Stoploss is Trend line breakdown. Target is ATH. Which gives best Risk:Reward.
Cons: Broader Market is very bad currently. One +ve thing in this market is "It is oversold". So Risk Management is very important now.
Note This is Technical view only. No idea about Fundamentals.
Ashok Leyland chart looks good for reversal.
Auto sector looks relatively strong compared to other sectors in this fall.
Risk:Reward
Stoploss is Trend line breakdown. Target is ATH. Which gives best Risk:Reward.
Cons: Broader Market is very bad currently. One +ve thing in this market is "It is oversold". So Risk Management is very important now.
Note This is Technical view only. No idea about Fundamentals.
@MKTrader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
@MKTrader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.