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sankatradesindia

What a lovely chart on Ashok Leyland

Long
ASHOK LEYLAND (NSE:ASHOKLEY)  
sankatradesindia  
NSE:ASHOKLEY   ASHOK LEYLAND
Trend Analysis Chart Patterns Technical Indicators ashokleyland
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trendanalysis chartpattern indicator ashokleyland
Ashok Leyland has the best chart I have seen today.
Here are some of the pointers from the chart:
  • Look at the trend-line. This is a very important trendline.
  • S1 and S2 provided good support to the stock previously.
  • 4th January 2019 was when the trend-line was decisively broken and there was a down fall.
  • R1 and R2 offered great resistances. This is in line with the theoretical definition of a support trend-line, ie, "A previous support trend-line then acts like a resistance".
  • Previous session saw fantastic volumes on the chart and a confirmation upward move in today's session could be an entry point for the chart.

Please like and follow.

ASHOKLEY
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