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Trading_hawk
Aug 1, 2021 12:03 PM

TRADE SETUP FOR 02-08-2021 | ASHOKLEY 

ASHOK LEYLANDNSE

Description

NSE:ASHOKLEY

Trade setup for ASHOKLEY on 02-08-2021

It has made bullish flag and pole pattern. Once it break the trendline then it will be a good buy trade opportunity. And safe buy trade can be above 134 breakout.

Safe Sell trade can be taken below 130. But once who even wants to short below 132 then it will be a quick move of 2 points till 130. My personal view is 130 will act as a support. But if 130 is broken then there will be down movement. But better to book partial profit at 128 level in short trade.

Targets and levels are mentioned on the chart.

Do comment if you have any doubt or suggestion.



Trade active

Comments
Trading_hawk
Today 02-08-2021, it made a big candle and trade in between the range. We could have a great trade if it breaks that level of first 15min candle on either side.

Most of the time it was sideways. There will be an opportunity tomorrow. Levels will be same.
swathikonakanchi
Yes it Looks Bullish as autosector is also bullish now we can keep in watchlist and enter
Trading_hawk
@swathikonakanchi

all the best for next week
champvimal
Agree with your analysis. Looks more bullish at 134 then bearish at 130 below. Let's see how it fares next week.
Trading_hawk
@champvimal
all the best for next week
saurabhbakliwal1001
Want to enter at 141.. any steam further left
Trading_hawk
Hi @saurabhbakliwal1001,

If you are talking about positional trade then yes.
Any dip above 134 level will be good opportunity to buy. I will suggest, if you are planning to buy 100 share of it then buy 50% of it at 141 level and then let it go up or down and if you get a dip till 141 or 139/138 again then you can add other 25-30% and then if there will be any other dip above 141 level then add remaining shares.

It is now bullish but it will surely give a dip in coming days till 139 or 137 level.
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