inverted head and shoulders pattern breakout possible

Feb 3, 2023

*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

Feb 3, 2023

Note

DAILY CHART UPDATE

Feb 6, 2023

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

Feb 7, 2023

Note

still testing patience
stock yet to close above 155
when does we will initiate longs