ASHOKLEY
ASHOKLEY is Possibly Bullish For 3-4 Days From Now. . .ASHOKLEY is Bullish For 3-4 Days From Now. . . Its in some sort of WXY Double zigzag. . .
Possible Head and shoulder break in AshokLey with notable high volume in Right Shoulder and descending higher low and lower high. AL can break down to 85 -80 in coming 3-4 months.
Head n Shoulder - Weekly BreakdownCould breakdown to 90 levels or low on a weekly chart. I believe, a close below 100 with volumes would be a confirmation.
Ashokley Analysis 08-Nov-2017CMP 122.05
Res: 133.9
Sup: 80.75/73.5
Base Support: 6.15
As long as 80.75 holds, we can see 133.9 again and durther 141.5-143.4, 151-155, 165.
We are in last up move of this cycle. I expect a big fall after next up move (support zone will be between 113-73).
rajtechnicalanalysis.blogspot.in
ASHOK LEYLAND : WEEKLY CHART : HEAD & SHOULDER PATTERNASHOKLEY forming a Head & Shoulder Pattern on Weekly Basis . It just took a rejection from its Neck Line area, which is really a very crucial level for the stock. Closing below the NECK LINE may open further downside for the stock.
100 is a very big support level for this stock physiologically, if stock gives a closing below it's Neck Line may take it to 100 and if stock falls further then next support area is 85-90.
Also, there are number of bad news floating in the market which are creating selling pressure and apart from this Rupee is getting weaker and weaker etc.. :>> MY VIEW FOR THIS STOCK IS STRONG BEARISH FOR NOW.
MyAlgo : xMRSI-Progresser: Intraday : 21Sep-ASHOKLEY-ShortBased on my "xMRSI-Progresser" predictive trading methodologies, its going to be a RED candle on 21-Sep-2018 for ASHOKLEY
Sell Below(5Min candle close): 125.5 for targets -
T1: 124.6
T2: 124
T3: 123.4
SL: 126.5
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
Ashok Leyland, Long There is ascending triangle formation on weekly chart which show continuation of the rally.
AshokLey-bullish flag-Long setupashok Ley land is Bo of bullish flag pattern.. Fundamentally it has good results along with good prices at the point Please do paper trade above idea before actual investment..Posting educational purpose only
Ashok Leylond Long...
ASHOKLEY break the previous trend Keep watching the retest zone
If it does not break down. Trade Long...
ENTRY 129 to 132
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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Ashok Leyland- Outlook for AugustCurrently at support level. As long as this level holds, some upmove can be seen.
