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pravinrajp
Sep 2, 2018 1:08 PM

Possible downward dip Short

ASHOK LEYLANDNSE

Description

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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