inverted head and shoulders pattern breakout possible
*stock has created a inverse pattern on daily chart
*on weekly basis currently the stock is trading above the supply zone of 153-154
*if we close above 155 we will confirm pattern break
*it opens up the stock for a positional target of new life-time high
*initiating a positional trade in Ashok Leyland
ASHOK LEYLAND CONDITIONAL BUY
-WAITING FOR A WEEKLY CLOSE ABOVE 155
-OR ONE CAN LOOK TO ENTER OPITONS
ASHOK LEYLAND
BUY@155 (closing basis)
STOP@145
TARGET@165-175-185
DISCLAIMER
-this is my perosnal view
-trade according to your risk appetite
-manage your risk
*on weekly basis currently the stock is trading above the supply zone of 153-154
*if we close above 155 we will confirm pattern break
*it opens up the stock for a positional target of new life-time high
*initiating a positional trade in Ashok Leyland
ASHOK LEYLAND CONDITIONAL BUY
-WAITING FOR A WEEKLY CLOSE ABOVE 155
-OR ONE CAN LOOK TO ENTER OPITONS
ASHOK LEYLAND
BUY@155 (closing basis)
STOP@145
TARGET@165-175-185
DISCLAIMER
-this is my perosnal view
-trade according to your risk appetite
-manage your risk
Note
DAILY CHART UPDATE
Note
:AS EXPECTED WE ARE BATTLING IN THE SUPPLY ZONE
ALL INDICATION OF BULLISH BREAKOUT IS EXPECTED
LET ME REPEAT A CLOSE ABOVE 155 WILL ALLOW STOCK TO FLOW
Note
still testing patience stock yet to close above 155
when does we will initiate longs
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.
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.