Ashok Leyland, based on the analysis using the Stock Navigator by FnOGyan Indicator, presents a compelling long signal on the daily time frame. The indicator suggests a positive outlook, supported by strong volume building up. The stock has demonstrated resilience by repeatedly finding support near the trendline support area, indicating a robust underlying...
In daily time frame it's follow side base trend . Due to quarterly report revenue was down by 2.91%(-2.905B). For long term view it's a bullish .
But here support was 165.35 and resistance 190.
If it break 190 resistance with great volume and take a retrace at this level then you can make position for long term .
NSE:ASHOKLEY may give impulsive moves now
it breaksout 5 years of resistance and also retest confirmed in weekly tf and daily tf
takes first resistance in 2018 followed by 2022 and finally breakout in 2023
now this resistance acting as strong support
also in daily timeframe retest of this support is confirmed
my personal view is very bullish and its the best...
Ashok Leyland has given bullish head and shoulder breakout with Volume.
Good to add for Swing Position
Buy Ashok Leyland
Between 170-172 Stop Loss: 165
Target 1: 180
Target 2: 183
Target 3: 190
Based on Index movement SL
may be trailed.
Will keep posted.
#ashokley #patterntrading #Breakoutstock #inverseheadandshoulder #swingtrade
Ashok Leyland : Swing Trade
>> Breakout Candidate
>> Inverse H&S Pattern Visible
>> Good Strength & Volumes Picking up
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur...
As we can see the trend line breakout with higher volume we can go with long
Ashok leyland 177 Entry
SL 170
Target 178/181/187/197+++
Disclaimer: only for educational purpose, not an advice
I have identified a potential bullish reversal in Ashok Leyland based on the following factors:
The stock has shown a reversal at key Fibonacci levels, indicating a potential shift in the trend.
Break of Trend Line:
Ashok Leyland has successfully broken above a significant trend line, suggesting a change in the prevailing downtrend.
Targets:
The first...
Currently, Ashok Leyland is at the previous trendline Support level of 175 in price. If the stock successfully recovers, it might eventually hit 205-210 price levels in the coming weeks, according to the Elliot wave pattern, Fibanocci retracement, and trend line support levels.
BUY - ASHOK LEYLAND
CMP - Rs. 145
Target - 1: Rs. 195
Target - 2: Rs. 260
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Technicals - Cup and Handle BO
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This is just a view by an expert analyst, please invest at your own risk.
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Self explanatory - auto sector weakness is the only possible negative. Results were a blow out and the stock hasnt yet absorbed enough of that. Buying could emerge in the next month - keep track
Ashok leyland has been consolidating in a cup and handle pattern since 2019 and is on the verge of a breakout.
A weekly closing above 170 will confirm the breakout which will the stock to 200+ levels in short time. Stock is looking bullish and can be added on dips upto 155 with a SL of 144 DCB.
Chart looks similar to Midhani which gave a sharp upmove after...
AshokLayland Creating "W" pattern in Daily charts. If its sustain above @170.00 then we are witnessing to go a Bullish Rally.
Initial Target Point: @182.00
Keep track traders.
