Ashok leyland at multi year trend line supportChart was in log scale and right now at trend line support area we may see big move, timeframe monthly
Ashokleyland
Ashok Leyland - Fib levelsThe stock came back up and closed at the 0.618 level last week after briefly testing below.
Momentum is bullish.
Buy above 50 for targets of 52, 53, 54 with SL at 48.5
Ashok Leyland. Swing tradeShort term holding/swing trade.
Buy above 50.65 ie 50 days EMA.
All ideas are shared assuming Delivery based transaction.
Research for educational purpose only.
ASHOK LEYLAND Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Ashok Leyland - Imminent breakoutThe stock has seen a nearly 10 day consolidation and has reversed to 38.2% from the previous high. On the weekly chart, there is a nice double bottom and indicators have turned positive. Other indicators like MACD and Ichimoku are also bullish.Currently the stock is at a resistance level. Market Facilitation index is also confirming a trend reversal. Any break above Friday's high of 54.9 is a good place to go long with a target of 64 and a stop of 51
AshokLeyland - Build up near resistanceNote: This is for educational purpose only.
There seems to be a build up near resistance of Ashok Leyland. There is an increase in buying volume and RSI is above 60 which indicates strong bullish momentum. In these cases, once the price breaks resistance, a bullish rally can be expected.
Ashokley longterm chart analysisNSE:ASHOKLEY has given more than 10X return whenever it touched the lower trendline in long term chart.
Stock : Ashok Leyland
CMP : 53
Current PE : 16
8 Years Average PE : 27
Entry Range : 40 - 45
Stop Loss : 38 - 35 ~ 20%
Swing Target : 57 - 60 ~ 35%
Positional Target : 80 - 90 ~ 100%
Long Term Target : 300 - 350 ~ 700%
Allocation : 5%
Risk’s:
High debt
Low PAT margins
Promoter holding pledged
a squeezing channel break it gave a squeezing channel break and the made a triangle formation on the support of channel and breaking it so i think it can go up this time breaking the above resistance safe traders can wait for more confirmation or can but with some risk after it crosses 55
ASHOK LEYLAND Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Synergistic Pattern: Triangle + Advance pattern (W+Flag) + EMA50Levels are on chart.
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Ashok Leyland: Trend analysis (Short bias)Weekly Time-frame:
After making bearish pin bar last week, this week ended with strong bearish candle. (Short bias)
Daily Time-frame:
Few days ago, prices made a lower high then broke the upward trend-line which signify possible trend change.
For further confirmation, analysed intra-day time frame i.e. 4H.
4H Time-frame:
After breaking upward trend-line on daily time-frame, prices broke the immediate support level with the momentum and made a lower low which confirms Down-trend . Then made a lower high which took resistance from same level (above support level) and also from 50 EMA.
Conclusion: This price action on every time-frame confirms short bias so one can initiate a short trade with stop-loss above recent lower high keeping own risk to reward ratio in mind.
ASHOKLEYt1 58.57
parallel channel connecting with wave 2 and wave 4
keep countinue buying above 32.50
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 an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
ASHOL LEYLANDNSE:ASHOKLEY
IF PRICE BREAKS THE TREND LINE THEN WE CAN SEE THE PRICE BELOW MARKED ON CHARTS
Ashok Leyland Longterm analysisEven though Ashok Leyland doesn't fit our investing framework, posting this in case it will be useful for already invested investors
Ashok Leyland: Rough road aheadAshok Leyland
Observation
- Multiple resistance between 54-57 & then around 63 levels
- before September, it could be extremely difficult to cross the red zone
- below 47.65 target 45.50
- if Ashok Leyland starts trading below the green line, then it may be indication of further weakness & we may witness a quick fall towards 38-36 levels.
One may consider selling Ashok Leyland on rise especially around 55 odd levels or once it breaks 47.65
Alternatively one may consider selling Ashok Leyland 28-May-2020 Call option
Strike Price: 60
Price between 1.3 - 1.6
Lot size 8000
Target : 0.3 / 0
Time frame till 28 May 2020
Take care & safe trading...!!!
Vol. Breakout move in Ashok LeylandParallel Channel with volume breakout happening and long future buildup and OI.
Ashok Leyland trading in DECISIVE zone for further direction:
1. up-break with vol. else it will be speculation and dont' go long
2. or follow the parallel channel for correction.
If price is continue to rise with volume follow the price parallel channel , the first target is at 55 as 55.26 is 50 EMA resistance line.
Regards
Levels for ASHOKLEYIf ASHOKLEY is bullish then following are the possible levels
Now it is being tested at level .316 Fib. Wait for the price to cross both the downtrend lines.
So the safest entry (if bullish) is when price exceeds 46.5
First Target 51.5
If it crosses 51.5 then
Second Target 54.20 which is 0.382 Fib
Third target 60.5 which is 0.5 Fib
Fourth target 67 which is 0.618 Fib
