ASHOK LEYLAND -- INTRADAY SETUP -- 16/06/2022

ASHOK LEYLAND -- 15 MIN CHART -- INTRADAY SETUP -- 16/06/2022

1. ASHOK LEYLAND at upper channel seen trendline support

2. combination of Hammer candle , doji trend reversal candle seen at trendline support, same candle combination previously can seen where uptrend starts, ( circle mark )

3. ashok leyland trading above 50, 200 days moving avg on daily chart

4. RSI at mid range 51 level on daily chart,

5. MACD above center, bellow signal line daily chart.

6. intraday support at 133.50 resistance at 136.25 - 138

7. stop loss can be place bellow hammer candle on intraday



BUY ASHOK LEYLAND between - 134.134.50

TARGET - 136.50 - 138

stop loss 132.30


** this idea is for educational purpose ..trade at own risk !

HAPPY TRADING !

Comment:

as opening indicate gap up open more then 100 points ..in that case stock may open above buy level ...134-135 level to buy and 137-138 sell level for intraday to adjust with gap uo open.

Educational tip -- best way to take long position in gap up is buy at 50% correction of first 15 min candle. ( if size of candle 100 points the buy after 50 points correction )

Comment:

target 138 HIT .. traget 2 raised to 140 9.33 am

Comment:

for second leg buy around channel lower support 135 level

Comment:

11.12 am

Comment:

global sell off of FII sharp fall of market due to FED hike of rate 75 bps tank market bellow 52 week low, in such a sharp fall now unless convincing sign of trend reversal taking position is now risky .!