pravinrajp

Possible downward dip

Short
pravinrajp Updated   
NSE:ASHOKLEY   ASHOK LEYLAND
This may be possible down dip to 123-124 range if the current channel as well intermediate possible resistance levels shown.
Comment:
These price levels did work out although the breakout was not a neat one, there was a lot of haggling at the 129 levels before it finally gave away. Again at 119 levels it has started drifting sideways. This definitely shows some hint of bullishness or resistance that is still there. This stock has been moving sideways since June, unless it either goes below 105 or above the 135 levels, there is nothing here.

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