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Ashokleyland

AshokLeyland - Price ActionThe stock has several resistances lying ahead of it & it is sitting at a crucial resistance/support at 51.35. Positive news: 1. Defense spending 2. Earnings coming up 3. Its British subsidiary made EV Buses delivery for London's equivalent of DTC/BEST; With Delhi's EV policy shaping up + Anti-China sentiments deeply ingrained; it's an Indian front-runner for supply of EV buses! Its a good portfolio pick in my opinion. Buy above 52 for 52.6, 53.4, 55 with SL at 51.35 Refer the linked Fib levels idea for Fib Retracement levels. Disclaimer: These are NOT trading advice! The intention is to gather feedback on them, so please drop in a comment if you find areas of improvement. & If the idea makes sense to you - like it & share comments :)
NSE:ASHOKLEYLong
by raj_rishav
1
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