corestrategytrader

Ashok Leyland Cup and Handle Breakout Long Strategy

Long
NSE:ASHOKLEY   ASHOK LEYLAND
NSE:ASHOKLEY


Ashok Leyland formed a classic cup and handle pattern. Buy range is between 150 - 152. Stop @ 140. Target 1 - 160, Target 2 - 170.

Note: Buy only if the price closes above 150 on a daily time frame.
Trade closed: stop reached: Stock made fake-out, trapping the bulls and driving the price down. #Bulltrap.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.