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AmanSinha
Aug 4, 2021 4:34 AM

SHORT ASHOKLEY ! Short

ASHOK LEYLANDNSE

Description

NSE:ASHOKLEY

Observing Divergence on ASHOKLEY. One can initiate a short Trade once the price moves below the white trend line.

StopLoss - Recent Swing high
Target - Swing low of first wave.

Trade active

Entry Triggered !

Trade closed: target reached

Comments
Aviishkar
bro I think it will bounce back from RSI 65
AmanSinha
@Aviishkar, Let's see what happens.
Aviishkar
aakashshah829
Bro ashokleyland has given big breakout u better be cautious.
It is just a retestisting its support or u can say a pullback .
If you want you can go long.
AmanSinha
@aakashshah829, ASHOKLEY is falling from a major weekly resistance level. Even if it's just a pullback I'll expect price to be down be atleast at 105 - 106 levels. It's more likely to enter into a range with 130 as upper range and 106 as lower range for quite some time before it makes any move.
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