SHORT TERM IDEA - ASHOKLEYLAND (RESISTANCE ACTING AS SUPPORT)

Nov 30, 2020

Price Broke out of the resistance/supply zone and gave a pullback, the price has taken support at the confluence of the previous resistance zone (which is now acting as support/demand zone) and 20 day EMA, above 93.20 can go upto 98-100 and above that can go upto 110, SL below 86 on daily closing basis, Also keep an eye on the sales numbers to be declared for november.
Disclaimer : For learning purpose only.

Dec 3, 2020

Note

Trade is active and going as per plan once the first target is achieved we trail the SL to 20 EMA on closing basis

Dec 16, 2020

Note

Finally this has hit our first target, keep on holding and move the sl above cost and trail profits with 9 day EMA