ASHOKLEY
NSE:ASHOKLEY Consolidation BONSE: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 !!
ASHOKLEY pre-market intraday analysis and setup🎇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
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I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be considered as informative and educational post
I shall not be responsible for your profits and losses
Simple Trade Setup | ASHOKLEY | 13-09-2021 or in coming few daysNSE: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 frame.
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Trade Setup for Date 13-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
ASHOKLEY Trendline Bounce at 200DMAASHOKLEY 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 and poised to move lowerAshokley 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
TRADE SETUP FOR 02-08-2021 | ASHOKLEYNSE:ASHOKLEY
Trade setup for ASHOKLEY on 02-08-2021
It has made bullish flag and pole pattern. Once it break the trendline then it will be a good buy trade opportunity. And safe buy trade can be above 134 breakout.
Safe Sell trade can be taken below 130. But once who even wants to short below 132 then it will be a quick move of 2 points till 130. My personal view is 130 will act as a support. But if 130 is broken then there will be down movement. But better to book partial profit at 128 level in short trade.
Targets and levels are mentioned on the chart.
Do comment if you have any doubt or suggestion.
ASHOKLEY AnalysisLooks like triangle breakout within rising channel in already existing rounding rounding bottom formation.
If this rising channel midline cross will happen by script then we can see price rise till 135 with SL below 122.
This kind of trade is very short in nature like same day in out . take 2%-5% of gain and move as still consolidation is happening in bigger time frame so near resistance selling pressure would be there.
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ASHOK LEYLAND 🚚🚚Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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