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
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.
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.
...
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.
Ashokley broken uptrend support line with decent volume and poised to move lower
RSI below 50 shows momentum is on the down side.
Intermediate support level @ 112 and majot support @ 95
SL for this trade is @ 125 on daily closing basis
Do your own analysis before trading
ASHOKLEY has taken support at 132 level which was the previous major resistance and also 50% retracement of the recent upmove. On 1-hr chart, there is a clear double bottom formation. I would enter a buy trade with SL below 130 on 1-hr chart and a target of 154.
