koolshanin

ASHOK LEYLAND GOOD LONG SET UP

Long
NSE:ASHOKLEY   ASHOK LEYLAND
Ashok leyand trading near PRZ is good for longs with

SL 77.6 and tgt 92-99-120
CMP 81.2

Comments

I think, with RSI below 50, there is scope for some more downward movement. I think there is a strong support at @ 77, hence SL @ 75.
It will be safe to go long after we see a reversal signal i.e. RSI crossing 50, as price may consolidate before moving up.
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