bbhalaji

AshokLeyland making a bullish correction

Long
NSE:ASHOKLEY   ASHOK LEYLAND
Ashok leyland has been consolidating for a long time. The chart formation looks like it has completed wave A of a flat correction . The wave A has unfolded into to three waves marked in green ABC (3-3-5). We can anticipate a 3 wave up move B which should unfold as a 3 wave move. The current move in the counter has completed a 5 wave impulse move which went above the reflex point marked in yellow.
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.