AbhishekHSinghCMT

Ashok Leyland - Selling below 85 strictly

Short
NSE:ASHOKLEY   ASHOK LEYLAND
No trades above 85.

Trading Strategy - Downside Target 80 / 78.50 / 72 / below 70 next target downside shall be 64. Strict Stops above 85

Have patience for stock - Tata Coffee as updated last. Thanks
Trade active: 10:11 Hrs / 24th Feb 2020

Last Price @84.60

Stock has went above 85 - If holds above 85 then traders should avoid trading else they can hold their short positions.
Trade active: 11:00 Hrs / 24th Feb 2020

Last Price @ 85.20

Short term bullish above 85- Just removing all weak hands. Structure is messy on upside. It just needs a trigger for downside.
Trade active: 13:45 Hrs / 25th Feb 2020

Last Price @83.25

Followers please do not get emotional in trading - as trading with emotions will be a strong barrier to your own success.
Having said that

Yesterday, I suggested - Till stock remains above 85 it is short term bullish & below 85 -it will be bearish as whole move from 56-60 lows -all looks choppy upside.
Trade active: 13:58 Hrs / 25th Feb 2020

Last Price - 82.75

Stock has support in 82.25-82.50 Holding that zone - It can bounce upside to 83.50-83.75 where it can face next resistance. Thanks & Enjoy your day.
Trade closed manually: 14:10 Hrs / 25th Feb 2020

Last Price @81.65

Nifty breaks 11800 another support level & stock cracks more breaking all support. Thanks

Closing the idea. Kindly manage your trades using proper risk management. Thanks & Enjoy
Trade active: 21:14 Hrs / 25th Feb 2020

Last Price @ 80.65

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Flashback Time!

Have suggested clearly @ 11:00 Hrs on 24th Feb 2020 - Let me repeat the same again

"Last Price @ 85.20

Short term bullish above 85- Just removing all weak hands. Structure is messy on upside. It just needs a trigger for downside"

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When your targets are done in one day fall for stocks like Ashok Leyland (NSE Symbol : ASHOKLEY )
It surely calls for celebration so let's party - Time for snapshot - say cheese!!!

Trade closed manually: 21:22 Hrs / 25th Feb 2020

This idea is closed - Follow ups won't be done. Kindly follow your risk management or consult financial adviser before you trade. Thanks

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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