ShreeKrishna

Long ( Continuation Pattern )

Long
NSE:ASHOKLEY   ASHOK LEYLAND
Patterns are changing their structures , day by day algorithm trading various programmed trading are resulting change in the structure formation

Usually when there was less automated trading , the formation of any structure regular or complex , would have been identified easily and we use to forecast it in timely manner

But now world is changing or adopting fast mode result oriented methods , in my view they can only create small deviation in the structure

large part of the structure can still revile the strength and weakness on visual outlook ,

Here my view on this scrip is one small flash drop before it makes the move up ,

As a Fact i was strongly bearish on this scrip due to its momentum flow chart , but some how they are pushing this on the other side so up side to current forecast is intact

One can look for buy set up , and can book profits near the forecast target
Trade active: now i am updating as trading active means any reversal after today sharp move
its possible it can resume the upside move
Comment: All right , Now it has corrected to the extent of forecast corrective structure

Now we need a reversal in order to go long ,

Comments

any update from todays move sir
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ShreeKrishna bedwalrajdeep
@bedwalrajdeep, it will move up , look for 2 hour reversal candle before entering , Good luck
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bedwalrajdeep ShreeKrishna
@ShreeKrishna, booked some profit but now it seems charts have completely changed, kindly confirm with any new knoledge or movement of ashokleyland and meghmani if you can ,
as always thankful to you
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ShreeKrishna bedwalrajdeep
@bedwalrajdeep, hello sir , it has invalidated the structure , I will update today new one
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