Ashok Leyland long Ashok leyland given Break out looking good .
T1 - 110
T2- 135
Note: This analaysis for educational purpose only.
Ashokleyland
Ashok Leyland BOLong term resistance breakout. Probable support zone till 86. Stop Loss 80 on closing basis. 1st Target 110. 2nd Target 130. CMP 95.20
ASHOKLEY IN BULLISH # FLAG PATTERN ASHOKLEY has a form FLAG PATTERN, the price has strength on a daily, weekly, hourly chart.
We can see price travel up to 112and 114, this level is not strong resistance but the price will take hold for further up move if price break level mention here so we can see 112 and 114 respectively.
►Stock Characteristics #1: ASHOKLEY !!! ◄►Stock Characteristics #1: Head & Shoulder !!! ◄
📌 I have found that some stocks follow their own pathways. These are original and unique patterns that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💕 chart patterns.
☆ I will post the remaining patterns one by one on Sunday. For your reference, you can check out my previous studies as well. Please find the stocks and comment their name in the comment ⌨ section.
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𝙋𝙝𝘿 𝙞𝙣 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮.
✬ Disclaimer ✬
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on evaluating their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Ashokleyland 5 Aug - 17 Aug Levels are indicated on chart . If you used the chart let me know how it helped
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For education purpose , refer to your analysis before proceeding
ASHOKLEYLAND - Trade outside the zoneAshok Leyland - Accumulation zone is on
Trade only outside the zone
ASHOKLEYLAND BUY SIGNAL (EDUCATIONAL)If the channel and trend line is respected then,
T1 - 110
T2 - 130+
T3 - 165+
Additional factors that will support this growth -
x Improving fundamentals & balance sheet via cost reduction measures (Near term. Positive impact).
x Strong recovery to almost pre-covid levels. Further growth in CV can be fueled by rise of Ecommerce demand and Make in India. Both of these are fundamental and permanent shifts (Mid term. Major positive impact)
x EV stake sale (small) for $ 300 Million (Near term. Positive impact)
x Government scrappage policy (Mid term. Major positive impact)
x Defense play (Mid term - Long term. Major positive impact)
Please share your views in comments.
ASHOKLEY - VIEW - CONTINUATION breaking neck line
of ascending triangle
opening room for script
to touch 105 +
disclaimer - for study purpose only
BELOW ATTACHED OLD IDEA POST FOR REFERENCE
What a lovely chart on Ashok LeylandAshok Leyland has the best chart I have seen today.
Here are some of the pointers from the chart:
Look at the trend-line. This is a very important trendline.
S1 and S2 provided good support to the stock previously.
4th January 2019 was when the trend-line was decisively broken and there was a down fall.
R1 and R2 offered great resistances. This is in line with the theoretical definition of a support trend-line, ie, "A previous support trend-line then acts like a resistance".
Previous session saw fantastic volumes on the chart and a confirmation upward move in today's session could be an entry point for the chart.
Please like and follow.
NSE:ASHOKLEY
ASHOKLEYVery tight consolidation is going in weekly chart. Breakout above 97 may give good returns in short time.
SL can be kept at 91
#ashokley Long againWe have achieved all the targets for the previous ashokley idea, now again seems bullish for 97 and 100 as well.
See my other ideas for such simple analysis and highly accurate predictions.
Regards
Ashokley has formed A channel, clearly buy at lower bandAshokLey: Buy at CMP with sl DCB 72. Targets 80/85 plus
#Ashokley HNS patternSustaining below 88 will push towards 84.5. Sustaining above 90 will push towards 92/94.5/97.
Regards
115 soon on chart ? comment below your view traders 🎇🎇🎇retracement 0.5 tested, cross above that can see 115 on chart
oscillators support possible for rally
overall market support possible for rally
entry on close above 97.5 with stop as comfort for target 115 +
disclaimer - for study purpose only.
