ASHOK LEYLAND LTDShort
ASHOK-LEYLAND
Updated
This is again forming a rounding top after several months. As per the Inversed cup and handle, Breakdown likely to occur.
Reason:
1. Facing Resistance in previous price range and RSI (Momentum)...
2. Facing resistance in 50EMA...
Thesis fails if it breaks 50EMA...
Sell with stoploss little above 50EMA...
Reason:
1. Facing Resistance in previous price range and RSI (Momentum)...
2. Facing resistance in 50EMA...
Thesis fails if it breaks 50EMA...
Sell with stoploss little above 50EMA...
Trade closed: target reached
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