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Ashokleyideas

Ashok Leyland: Bullish Reversal with Strong Upside PotentialAshok Leyland is showing strength near its major support range of 212-220, and the daily chart suggests potential upside targets at 243.27 and 258.10. These targets could be achieved within the week, supported by several technical indicators pointing towards a bullish reversal. Long-term RSI levels are all above the critical 50 mark, indicating positive momentum, with the exception of RSI-7, which is trailing behind, suggesting there’s still room for the shorter-term RSI to catch up and drive further gains. Additionally, a perfect hammer candle has formed on the weekly chart at this support zone, a classic signal of a potential bullish reversal. With the technicals lining up, Ashok Leyland looks poised for a strong move upwards, making it a stock to watch closely in the coming days.
NSE:ASHOKLEYLong
by Sudhir-Sirohi
ASHOK LEYLAND Analysis!Ashok Leyland Monthly Analysis Long Tern view on Ashok Leyland Ashok Leyland Consistently Taking Support on Support Trendline We can see How beautifully price has taken support on Support Trendline. We can say price is respecting the Support Trendline. This is the characteristic of a trendline. The support trendline acts as a support to the price which can stop the price to move further downwards. One can initiate long position if price reaches and takes support on the Support Trendline.
NSE:ASHOKLEY
by Avinash9087
2
Simple Trade Setup | ASHOKLEY | 25-04-2022 (INTRADAY)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. ------------------------------------- Trade Setup for 25-04-2022 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. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:ASHOKLEY
by Trading_hawk
3
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. ------------------------------------- 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.
NSE:ASHOKLEY
by Trading_hawk
28
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.
NSE:ASHOKLEY
by Trading_hawk
7
ASHOKLEY : Trade SetupNSE:ASHOKLEY Hi Traders, ASHOKLEY bounced back from its support zone as well as break its resistance zone easily. If it break last trading day high then it can hit 82 level. If it break 84 level then remaining target can be hit. Entry and target level on chart. ********************************************************************************************************************************** If it is helpful for you, please show your support and hit the LIKE button. Provide some feedback below in the comment! This would give us encouragement to keep sharing our ideas here on this platform. ###Learn To Earn### * This analysis is educational/learning purpose only. * Trade at your own risk. Trade well, **********************************************************************************************************************************
NSE:ASHOKLEYLong
by vimal.kr.pathak