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Ashokleyland

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...!!!
NSE:ASHOKLEYShort
by indiamarketoutlook
4
ASHOK LEYLAND REVIEW FOR THURSDAYCURRENTLY CONSOLIDATING IN RECTANGLE ONCE THIS SI BREACHED UP OR DOWN GO LONG OR SHORT TARGETS MARKED BUT WILL IT GO UP? THERE IS DECLINE IN SALES ACCORDING TO RESULTS TODAY IT MAY OPEN GAP OR DOWN TOMORROW THEN IF IT DOES IT MAY BE RISKY TRADE SAFEST AREA TO SELL IS UPPER LINE NEAR 84 GOODLUCK EVERYTHING ON CANDLE CLOSING BASIS TRADE AT YOUR OWN RISK IMPORTANT NOTE: SUPPOSE ONCE A CANDLE BREACHES A TRENDLINE ON CLOSE BASE LET ANOTHER FORMED NEXT CANDLE TO TAKE OUT HIGH/LOW OF 1ST THEN IT WILL BE VALID BREACH ELSE IT MIGHT BE BULL OR BEAR TRAP
NSE:ASHOKLEYShort
by UnknownUnicorn6418960
Ashok Leyland is holing on support, is it enough to carry ....The stock has held on to support levels since couple of weeks. The current momentum is picking up and is expected to move up in the coming weeks. The RSI is into bullish zone and the price is forming accumulation formation. Currently trading at 84 the prices seems to be bit extended. Positions can be created till 82 on corrections above which the stock may rally to 94 & 112 thereafter. 79 levels are key support 76 is critical support levels for the stock. Below which resumption of trend down may occur.
NSE:ASHOKLEYLong
by BharatJhunjhunwala
Ashok Leyland - Buy 80, Target 86, Stop Loss 78.4Ashok Leyland is looking good on charts, options chain also supports a trade upto 85-86-87 levles. Keep a Stop Loss of 78.4. Low risk traders can buy a 80 Rs. Call around 3 - 3.5 and sell Calls Rs. 87.5 and 90 calls. Max risk with this strategy will be Rs. 1 or lesser and max. profit 6 Rs. This post does not encourage speculative trading using stock market derivatives, please consult your financial advisers before exposing yourself to financial risk.
NSE:ASHOKLEYLong
by ipuneet