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bull flag or bottom breakout
The stock is constantly in down trend has seen huge fall and is currently trading at the levels of 107.75
Follow the levels to take a positional trade in the same:
“SELL IF” the stock breaks the levels of 105 which can give the targets of 100 and then 95
BUY “ASHOKLEY OCT 100 PE” when the stock breaks the levels of 105
“BUY IF” the stock positively breaks ...
Symmetrical Triangle: Breakdown, Sell:122, Target: 108, SL: 133
Rectangle area represents demand area.
Further there seems to be a H&S pattern formation, will update in case the right shoulder forms fully.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Based 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 -
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 ...
Indicators are showing reversal. Daily Bandbollinger narrow range,PASR turns positive,CCI crossover,weeklly PSAR turns positive and others. That will lead to achieve the target on coming days. Pattern wise, Parallel line breakout, Inv.Head and shoulder and Double bottom are going on. Refer chart for Target and stoploss details.
Buy ASHOKLEY upon a close above 200 day SMA (134)
1) 27% sales growth in Aug 2018 on a higher last year volume
2) Can be bought with SL 128.85 as it formed double bottom on 15 min candle
3) Other players in auto sector- Maruti Eicher Escorts Hero barely showed any growth
Details on chart.
Two possibilities (zones) arise from the chart –
i. As FLAG completion is observed, the stock should move upwards.
ii. While moving upward it can face resistance around 133.95 to 135.75 due to formation of Double Top and 618 level.
iii. If it breaks above then it can move up to 146.40 to 152.00
i. If the stock move gets resisted ...
Levels mentioned in charts ...
ASHOKLEY break the previous trend Keep watching the retest zone
If it does not break down. Trade Long...
ENTRY 129 to 132
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 ...
Everything is mentioned in Chart.
this is a set up only for experienced traders, All indications point for a Medium term bullish trend in Ashok Leyland, but i always play with 2 way strategy on any stock i trade. My first set up is bearish set up at CMP stop Loss 130, Buy back price - 116, At 116 i will buy back double and have a stop loss for 115, and then exit partial trade at 130, and then ...
Looks like we are heading down for Wave 2/B giving a low risk shorting opportunity with SL above 131.70.
If this plays out Ashok Leyland can see 118-115 levels.
Description is in Image. Stop Loss 104. Target 115. Bought Ashok Leyland FUT @ 106.
Buying Ashok Leyland with 104 as SL for positional targets of 120 and 130 in cash.