Ashok Leyland is moving in tight range. It's forming inverted H&S on daily chart. Expecting breakout around 10th Nov. The results are going to be declared on the same day. Expected break on upside with target of 166-170 on smaller timeframe.
Upside targets are 190-200 on a longer timeframe.
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.
NSE:ASHOKLEY
Observations:
1) On 15min time frame, we can see it is forming rounding bottom. But this pattern is not complete yet. If it complete and gets activated on breakout of 132 then we can see a good up move.
Please refer below chart : 15min time frame.
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Trade Setup for 25-04-2022
1) Don't Jump in to...
NSE:ASHOKLEY
Ashok Leyland formed a classic cup and handle pattern. Buy range is between 150 - 152. Stop @ 140. Target 1 - 160, Target 2 - 170.
Note: Buy only if the price closes above 150 on a daily time frame.
wedge breakout in daily chart with apana wala candle at breakout level it can show 165/175 with days low as sl in nxt 15 trading session watching carefully. but be carful result bhi hai. but technical chart shows long builtup.
NSE:ASHOKLEY
#ASHOKLEY Consolidating @ Resistance and trying to BO the level, Post BO may result good positive momentum.
Post sustainability above the level may try 145 CE
If swing changes start falling down side may try 140 PE.
Check out todays charts and results to practice the levels.
Happy Trading !!
Leyland has to breakout it's all time high 168 zone for further move ,keep an eye on Volume also(if your an positional trader) ...
- if it failed to breakout the level then one can take short position where it also act as strong supply zone
ASHOKLEY
1. consolidation break this weekly closing strong confirmation
2. nifty auto supporting so up trend price move
3. next target coming soon ......................
Hello Traders👋
Today i have made a post on ASHOKLEY 15m
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
—DISCLAIMER—
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will...
NSE:ASHOKLEY
Observations:
1) On Daily time frame, It has made a bullish candle and broke 21 DMA as well as 125 level with good volume. If it sustain above 125 level then this will start bullish move now.
Please refer below chart : Daily time frame.
2)On 15 Time Frame: It made bullish flag and pole pattern.
Please refer below chart : 15min time...
ASHOKLEY is bouncing off from its trendline support which and also at 200 day moving average. 121 is a resistance which if crossed would be bullish on the stock. It would make sense to start building long position with full position on daily closing above 121. We can expect a target of 135 which is the previous strong resistance on the stock with 112 as the stop.
