praveen.bhatiya

Ashok Leyland Potential Short !

Short
NSE:ASHOKLEY   ASHOK LEYLAND
Similar to my idea of Tata Global this stock is showing good frequencies around the Pitchfork so I am looking for a short on retesting the upper Median Line . If recent election result creates an euphoric rally, climbing the price to the supply zone I would short the stock with Stop Loss of 96. Please put it into your watch list and to take timely action.
Trade closed: target reached: Closed the trade at Demand Zone.

Comments

Sir, @ which price it is good to purchase for medium term .
Thank you
Reply
praveen.bhatiya Harshavardanmsajjan
@Harshavardanmsajjan, Sir to me this stock is bearish even in intermediate term. The stock has rallied to 110 from 20 and is retracing now. So from where it would bounce difficult to predict but if you are particular in this stock please watch the price level around 75 which may provide support. I wonder why this sector as Tatamotors is also making low, why not other stock,
Reply
Harshavardanmsajjan praveen.bhatiya
@praveen.bhatiya,
okay sir ! Thank you !
Reply
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