ASHOK LEYAND seems Double Top pattern clearly in 4hrs chart. It's bearish pattern. If breakout the neckline at 137, price should be move downward for primary support. In between price engagement also passing at 131. In this case, price may chance to sustain at 131 as a support.
I hope you can now see how Ashokley represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
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