Ashok leyland long time cup & handle Bullrun

May 19

Ashok leyland has 5 years breakout. That too is cup & handle pattern. Targets are normally double from here. That too had bullish wedge breakout too. I am long since 165 though. There is double strength in the stock. I have also demonstrated example1 on the left side. past cup & handle pattern brekout and target. Used fibo extention for above 300 targets.

Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.


DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.

May 24

Note

Bit mixed result. Let's see where it lands next week. Till then no trade active now.

May 28

Note

300 will come quickly.

May 29

Note

It will test the 220 level one more time then boom again....

Jun 12

Note

Going really good. 250 loading. Then consolidation there and blast upto 300

Jun 16

Note

As said. 300 will be an easy target.

Jun 25

Trade active

I keep saying 300 is the first immidiate target.

Jul 13

Note

225-250 accumulation zone only. it will again blast above 250. Investors can buy the dip. Traders now stay away till the breakout happens again.

Jul 27

Note

above 250 it can go further.

Aug 23

Note

above 260 closing. 300 is not far.

Sep 2

Trade active

Holding 250 level. It's bullish only.

Sep 8

Note

need closing above 250 levels for further bullishness

Sep 15

Note

245 and above always bullish.

Nov 20

Note

in the buying zone now.