Parallel Channel with volume breakout happening and long future buildup and OI.
Ashok Leyland trading in DECISIVE zone for further direction:
1. up-break with vol. else it will be speculation and dont' go long
2. or follow the parallel channel for correction.
If price is continue to rise with volume follow the price parallel channel , the first target is at...
AS IT POSTED 93 % DECLINE IN SALES YESTERDAY WHICH IS VERY POOR WE CAN EXPECT GOOD CORRECTION MY FIRST TARGET IS 70 THEN FINAL IS GIVEN WITH ARROW GOODLUCK AND ALSO IT TRIED TO CROSS 50% LEVEL OF FIBONACCI BUT MADE REJECTION DOJI CANDLE AND CLOSED BELOW THAT LEVEL THIS IS ALSO GOOD CONFIRMATION AS MANY STOCKS CORRECT OR BOUNCE OFF THIS LEVEL AND THIS LEVEL SHOULD...
As Ashok Leyland has recently broke long term major support of Rs 80/-, the long term downtrend is triggered.
Line is Red is stop loss and black line is targets. Thin black line are intermediate support and thick black lines are major support.
Trading price: 75
Target: 71, 65, 56.5, 47.5 (placed above support line)
Stop Loss: 81.50
maruti suzuki is going through tough times and may see even more panic
but as its market leader will surivive and emerge victorious
although may take time but still nothing wrong to stay in it
Ashok Leyland have better support at 70-74 range.
Around 12-15% bounce we can expect from above support range.
Target Range: 83 - 86
Expected duration : 6 to 8 weeks
Risk Alert: Do not take this idea/analysis as trade decision for your trading. Go through this and take decision by yourself. Trading financial instruments involves high risks including the risk...
ASHOKLEY (Ashok Leyland Ltd) BUY ABOVE 91
Respecting the trendline at the lower level. Breaking the upper trend line will give a breakout in stock upto a target of 95.
Ashok Leyland has formed double bottom and showing signs of reversal. It has a reasonable PF catching the price frequencies and is available on the LML offering a good entry. It has formed a double bottom with divergence on MACD which is quite reliable setup. Heiken Ashi has turned to Green also. One can buy the stock with the following details
Entry current Price...
