Ashok Leyland Future is on the bearish horizon. It has already stood below the entry-level (130.85) there is a high probability to reach Target(110.85) Entire analysis has done on the basis of quantitative analysis with considering other important data points and statics. Please honour the SL(139.4) in case of upwards move. Entire data analysis was done on EOD...
long for target 117.20 stoploss 115.70 only
follow stop loss will be 108. targets T1: 121 T2:131
Upcoming Result will Decide but due pandemic Bull run will be affected. Short term bull run may be possible if results are good.
Wyckoff Accumulation Go long @ CMP T1 = 147 (probability 90%) T2 = 158 (probability 60%)
Please note that our previous analysis of ashok leyland was for short side as we analyzed the Head & Sholder pattern and gave the target of 109 to sell futures. Now the pattern is complete and Bottoming is also done. Therefore, as more value is left in this stock so intitate buy for a short term target of 125 and medium term target of 140.
Wave 5 seems to start. SL right below wave 4. Possible targets on chart
Head & shoulder pattern formation with RSI divergence. Short below 120 when 1 hr candle closses below it. Target - 109, 101 SL - 127
Buy Ashok Leyland @ 114.5 For the first target of 122 can sell half quantity with the SL of 107 , if we got another BO then 2nd target is 130 . RSI forming +ve divergences. This is for your educational ideas only.
Sell on rise at 123.20 sl 126.55 TGT 118.4 Disc : it's not an investment advice to buy or sell
Taking support from trendline, should move up.
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Time Frame- 30 M Inverse Head and Shoulders Pattern. Go long above the neck line.