Ashoka has been trading in a tight range since last 6 months. Now ready to break out.
Big upside momentum expected on breakout seeing the price structure.
Add More At 105
Target- 170 200 A new ATH -240
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.
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
Ashok leyland Moving in a channel pattern formation
usually channel pattern forms when there is less activity from buyers and sellers ,price become sideways and trade in a certain range ,ashok leyland is also trading like that keep eye on it ,it can give any side breakout .