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Ashokleyland

Ashok Leyland - Inside Bar TradeThe stock has been range bound. The last two sessions particularly have seen it reverse between the levels marked. So this sub-range breakout may be on the cards (or not). The stock has taken support from the trend line since March & the trend line support is at 50.5. The Fib retracement levels are drawn on chart - for detailed analysis of it, please see the linked Ashok Leyland Fib levels idea. Positional Trades: Go long above 52.6 for 53.5, 54, 55, 56 & 58 with SL at 51 for intra-day trade & 50 for those taking July expiry positions. (Adjust for futures' prices). Shoring trades will only be attractive with the trend line breach below 50 on the hourly chart to open targets till 48 if not lower.
NSE:ASHOKLEYLong
by raj_rishav
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
NSE:ASHOKLEYLong
by s.arun.natesh
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.
NSE:ASHOKLEYShort
by SwapnilNemade
1
ASHOKLEYt1 58.57 parallel channel connecting with wave 2 and wave 4 keep countinue buying above 32.50 Disclaimer ----------------------------- 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.
NSE:ASHOKLEY
by Oggy_