ASHOK LEYLAND --POSITIONAL
Updated
ASHOK LEYLAND ---POSITIONAL --DAILY CHART SETUP
1. ASHOK LEYLAND seen double bottom formation on daily chart around 140 level recently .
2. stock fall from overbought level 170 to 140 at bottom and daily chart seen doji trend reversal candle at oversold level following green bullush candle at last closing session, which is possible trend reversal from oversold level
3. trix line seen at oversold level at present.
4. one can buy at current level 145-148 for positional target 155-160-170 ( 1 Month ) stop loss 130
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ... trade at own risk. !!
HAPPY TRADING .!!
1. ASHOK LEYLAND seen double bottom formation on daily chart around 140 level recently .
2. stock fall from overbought level 170 to 140 at bottom and daily chart seen doji trend reversal candle at oversold level following green bullush candle at last closing session, which is possible trend reversal from oversold level
3. trix line seen at oversold level at present.
4. one can buy at current level 145-148 for positional target 155-160-170 ( 1 Month ) stop loss 130
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ... trade at own risk. !!
HAPPY TRADING .!!
Note
trix line crossover seen now at oversold line ..bullish signal confirm. 31/10/2022
Note
ASHOK LEYLAND beat all estimate on street this latest quarter results is excellent q2 revenue rise 73% to 9600 cr.net profit 163.0 cr vs net loss of 103.4 cr over the same period last year
overall very good quarter result .....!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.