ASHOK LEYLAND LTDShort
Ahsokleyland watch for breakdown
Updated
Ashokleyland is on a breakdown - As per the trend.
We expect it to break down and go on a further downtrend. Or it may shoot little up and come down to the target.
So watch and try to understand the action.
Understanding :-
We can see the stock is in a bear move. And it is in a symmetrical triangle.
We understand the symmetrical triangle is a temporary pause in the movement and when wakes up, could ( could ... ) continue in the original direction.
We expect it to break down and go on a further downtrend. Or it may shoot little up and come down to the target.
So watch and try to understand the action.
Understanding :-
We can see the stock is in a bear move. And it is in a symmetrical triangle.
We understand the symmetrical triangle is a temporary pause in the movement and when wakes up, could ( could ... ) continue in the original direction.
Trade active
Trade is going as per our setupBrothers stoploss has to be trailed 79.65
Trade closed: target reached
Our target reached and now we are on a trailing stoploss at 78Note
Now our trailing stoploss increasing to 75
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