LET'S DRIVE WITH ASHOK_LEYLAND
Two possibilities (zones) arise from the chart –
• Buy
• Sell
BUY ZONE:
i. As FLAG completion is observed, the stock should move upwards.
ii. While moving upward it can face resistance around 133.95 to 135.75 due to formation of Double Top and 618 level.
iii. If it breaks above then it can move up to 146.40 to 152.00
SELL ZONE:
i. If the stock move gets resisted around 133.95 to 135.75 then it can see a downfall up to 109.25 which is support level considering Monthly Time Frame trend line.
ii. A support level at 109.25 should help to initiate an up-move until 146.55. Here BAT pattern formation gets completed and SELL gets initiated with a Stop Loss of 152 and Targets of 132.15 and 123.45 respectively
OTHER DETAILS CAN BE FETCHED BY HOVERING THE CURSOR ON THE CHART
Disclaimer:
• It is very important to do your own analysis before making any investment based on the chart mentioned here.
• Trade wisely!
• Buy
• Sell
BUY ZONE:
i. As FLAG completion is observed, the stock should move upwards.
ii. While moving upward it can face resistance around 133.95 to 135.75 due to formation of Double Top and 618 level.
iii. If it breaks above then it can move up to 146.40 to 152.00
SELL ZONE:
i. If the stock move gets resisted around 133.95 to 135.75 then it can see a downfall up to 109.25 which is support level considering Monthly Time Frame trend line.
ii. A support level at 109.25 should help to initiate an up-move until 146.55. Here BAT pattern formation gets completed and SELL gets initiated with a Stop Loss of 152 and Targets of 132.15 and 123.45 respectively
OTHER DETAILS CAN BE FETCHED BY HOVERING THE CURSOR ON THE CHART
Disclaimer:
• It is very important to do your own analysis before making any investment based on the chart mentioned here.
• Trade wisely!
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.