Rachit_Sethia

#ASHOKLEY CMP 128.40 #Target 157(20%+) #MARUTI #TATAMOTORS #ITC

Long
NSE:ASHOKLEY   ASHOK LEYLAND
#ASHOKLEY
NSE: ASHOKLEY
CMP 128. 40
Target 1: 139
Target 2: 157
SL 120
RR Ratio > 3
Time Frame < 45D


CAN HOLD ABOVE 157 for 170 target! Book part profits!

Factors:
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.

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With 💚 from Rachit Sethia

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