Ashokleyland
ASHOKLEY - FLAG & POLE PATTERNA flag & pole pattern is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Intraday / Swing / Short term pick: Looks good for 110/132 in 3 Intraday / Swing / Short term pick: Looks good for 110/132 in 3 to 6 months:
Looking at how price is behaving it can touch 110 130 in few months. Good entry was around or above 58 but NOW ONE CAN enter above 86 on daily closing with confirmation. SL would be 76.
For intraday enter above or between 84-85 for the target of 95/100 with SL of 82
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
Only After Flag Pattern Breakout Go Long Above 77Seen flag formation in Ashok Leyland. Go long if breakout for immediate target of 80 and short term target is 86.50+ according to flag pattern. Currently, It's trading in the oversold zone and stochastic RSI shows bullish crossover.
Trade:
Buy Ashok Layland @77
SL 76
Target 80.50 83 86.50+