Ashok Leyland expecting Zig-Zag correction. Looks like completed Wave A & Wave B of the correction. Now making a 5 Wave downmove as Wave C. At present completed Wave 2 and into Wave 3 of Wave C. Expected Target Zone 130 Levels. However, expect a overall bigger correction of the last upmove. So expecting ashok to move sideways for some time forming a WXY corrective structure upto 120 Levels, before resuming its upmove again.
Trade active:
NEXT LVLS TO WATCH OUT..... IF CLOSE BELOW 130.90, THEN TGT 119.75
NEXT LVLS TO WATCH OUT..... IF CLOSE BELOW 130.90, THEN TGT 119.75
Trade closed: target reached