Ashok Leyland: In Accumulation zone

Sep 27, 2017

Ashok Leyland
CMP 112.20

Levels are mentioned in the chart

In case it is not readable on chart....


108-113 - Accumulation zone

Target 128 /133 in 2-3 months

In the current set up, momentum might be seen on sustaining above 114.5

On the lower side the stock also has very strong support at 97 odd levels

Overall stock looks good on chart.


Take care & safe trading...!!!

Regards

Sep 29, 2017

Note

Ashok Leyland update

The stock has crossed it's previous high of 120.20 & is now trading at a new high at 121.30. Going forward 116.5-118 level on the downside forms an important zone and should not be breached...

So far its a nice 8% jump... Enjoy the ride...!!!

One may also consider booking profits as per risk appetite....

Take care & happy trading...!!!

Oct 3, 2017

Trade closed: target reached

From 112.3 to a high of 126.20 so far. The stock has given a nice 12% in just 3 trading sessions...

Target of 128 almost done....
Hope you all enjoyed the smooth ride....

On dips, We will be interested in the stock again especially if it holds 118-116 zone

Take care & happy trading...!!!