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ManikandanElango

ASHOK-LEYLAND

Short
ASHOK LEYLAND (NSE:ASHOKLEY)  
ManikandanElango Updated   
NSE:ASHOKLEY   ASHOK LEYLAND
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
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...
Trade closed: target reached
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