Synergistic Pattern: Triangle + Advance pattern (W+Flag) + EMA50Levels are on chart.
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Ashokleyland
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
ashok ley. long positionAshok Ley. bouncing from its 200 month MA.
Will take long position after the month close.
Both opportunities are available Go With Trend The signal is given on the chart. If it breaks. take positions.
Ashokleyland (Bullish)No rocket science. Just patterns. Gap fill can't be ruled out once price sustains above 55-57 .
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
ASHOK LEYLANDAshok Leyland appears to have completed a diagonal which is v close to weekly ichimoku resistance. A retest of 78-75 could be possible if it were to sustain below 89. Q3 results are expected on Feb 13
Ashoklayland on positiveI can go upto 95 if breaks above 85. RSI and MACD should be strengthen to take an entry...
#AshokLeyland#BreakOut#AshokLeyland#Breakout
Target 89/90 (Short Term)
Target 100 (Long Term)
Stoploss 82
High Risk High reward, one can create a long future position.
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.
