Ashokleyland Truck and Bus loaded with BULLS ?!!Yes!!!!
Chart patterns suggest me the above titled opinion of mine.
Reasons-
1. It's moving in a Ascending channel pattern from MARCH 2020 TILL NOW
2. 3 Upside candles(3 white soldiers) in monthly timeframe(shown below) with good rise in volumes
3. In weekly time frame, Bullish Marubozu candle Breakout seen with good volumes (shown below)
4. Coming to daily time frame, Inverted h&s pattern looks visible and Breakout has happened and now retesting.(there also 3 white soldiers visible)
5. As per pattern , target is about 20% from current levels.(soon to 150 level. )
6. We can enter now with sl as daily close below 120.4, targets -130,138,144 levels
Ashokleyland looks way good for the long term investment (buy and forget) too!! !
This is just my opinion...not a tip nor advice!!!!
Happy trading!!!!
Thank you!!!!
