inverted head and shoulders pattern breakout possible Long

ASHOK LEYLANDNSE

Description

⋅ Feb 3, 2023 4:27 AM

*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

Comment

⋅ Feb 3, 2023 7:51 AM

DAILY CHART UPDATE

Comment

⋅ Feb 6, 2023 6:53 AM

:
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

Comment

⋅ Feb 7, 2023 3:23 PM

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

Comments

johntradingwick

⋅ Feb 3, 2023 7:47 AM

Hi,

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