tradewithamey_

Cup and handle breakout in auto sector stock

Long
tradewithamey_ Updated   
NSE:ASHOKLEY   ASHOK LEYLAND
Ashok leyland has been consolidating in a cup and handle pattern since 2019 and is on the verge of a breakout.
A weekly closing above 170 will confirm the breakout which will the stock to 200+ levels in short time. Stock is looking bullish and can be added on dips upto 155 with a SL of 144 DCB.

Chart looks similar to Midhani which gave a sharp upmove after breakout

Note:-Idea is shared for educational purposes and should not be considered as a recommendation.
Trade active:
191 high made from 160
Comment:
225+ done. took lot of time but is going good now

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