HEAD & shoulder pattern has been completed not it must fall from right shoulder strict stop loss is 83.55 if it hits this just exit it may head towards 88 then target for short is 78.80 good luck
note: trade at your own risk
Ashok Leyland is looking good on charts, options chain also supports a trade upto 85-86-87 levles.
Keep a Stop Loss of 78.4.
Low risk traders can buy a 80 Rs. Call around 3 - 3.5 and sell Calls Rs. 87.5 and 90 calls. Max risk with this strategy will be Rs. 1 or lesser and max. profit 6 Rs.
This post does not encourage speculative trading using stock...
IT IS RESPECTING YELLOW CHANNEL LINE BUT ONCE LET WHITE TREND LINE RESISTANCE BE CROSSED ON CLOSING BASIS TARGET GIVEN ALSO MAKE SURE DOJI CANDLES ARE NOT MADE NEAR WHITE TREND LINE AS SHOWN WITH YELLOW CIRCLE HERE DOJI CANDLES MAY REVERSE THE PATTERN AND IT MAY AGAIN COME DOWN TO LOWER YELLOW TREND LINE
NOTE: TRADE AT YOUR OWN RISK
The stock took support at multiple levels, now trading at the KS/TS line, after bouncing off from the clouds. The momentum is positive with RSI resting close to 40. If strength persists the stock may move to 83 levels. On hourly charts it is at a make – break zone.
HEAD & SHOULDERS PATTERN IN ASHOK LEYLAND
75-80 IS THE IMMEDIATE SUPPORT ZONE. IF SUSTAINS ABOVE 80 IN NOVEMBER THEN WE CAN SAY THAT THE TREND HAS CHANGED IN LONG TERM. OTHERWISE THE RALLY SHOULD CONTINUE DOWNWARDS.
BEARISH DIVERGENCE OVER PAST FEW DAYS NOW. SO THAT WILL HELP TOO.
IF IT SUSTAINS BELOW 75 OR OPENS GAP DOWN IN NEXT SESSIONS,...
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...
POWER OF TRENDLINE RESISTANCE AND DOJI CANDLE ON TRENDLINE PLUS BEARISH DIVERGENCE SEEN WITH STOCHASTICS GO SHORT UPPER TRENDLINE IS STOP LOSS NOTE: RESULT IS DUE TODAY PLAN ACCORDINLGY RESULT MAY IMPACT STOCK TI MAYBE A GAMBLE :)
NOTE: FOR EDUCATION ONLY NO ADVICE
In monthly, a pullback to test monthly resistance in a nice downtrend can be seen, which gives us a potential short assuming that the trend is not yet exhausted.
Weekly is in a nice downtrend since many months now and a doji has rejected the monthly resistance which is negative again. However, we see a TL break with big...
WITH STOCHASTIC IT IS GIVING BOTH BULLISH AND BEARISH DIVERGENCE MARKED WITH REDLINES :) WELL I HAVE DRAWN 2 TRENDLINES IF UPPER ONE BREAKS AND CLOSES ABOVE IT IN 15 MINUTE CANDLE TARGETS ARE GIVEN FOR LONG AND IF LOWER LINE BREAKS TARGETS ARE GIVEN FOR SHORT AS WELL
NOTE: FOR EDUCATION ONLY
NSE:ASHOKLEY 1H supply zone at 69.05 with SL at 69.60 and three potential targets.
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly