Both opportunities are available Go With Trend The signal is given on the chart. If it breaks. take positions.
Ashokleyland
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.
Ashok leyland Ashok leyland in a asscending triangle
Also 50-200 ma cross over
Targets 90 and then 100
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.
ASHOK LEYLAND ANALYSISIT IS RESPECTING YELLOW CHANNEL LINE BUT ONCE LET WHITE TREND LINE RESISTANCE BE CROSSED ON CLOSING BASIS TARGET GIVEN ALSO MAKE SURE DOJI CANDLES ARE NOT MADE NEAR WHITE TREND LINE AS SHOWN WITH YELLOW CIRCLE HERE DOJI CANDLES MAY REVERSE THE PATTERN AND IT MAY AGAIN COME DOWN TO LOWER YELLOW TREND LINE
NOTE: TRADE AT YOUR OWN RISK
ASHOK LEYLAND CHANNEL LINEIT IS RESPECTING CHANNEL LINE AND HAS BOUNCED FROM THE LOWER TREND LINE TARGETS FOR LONG GIVEN STOP LOSS IS 74.3
NOTE: TRADE AT YOUR OWN RISK
Close to a Make - Break area. The stock took support at multiple levels, now trading at the KS/TS line, after bouncing off from the clouds. The momentum is positive with RSI resting close to 40. If strength persists the stock may move to 83 levels. On hourly charts it is at a make – break zone.
#ashokleyland bounce from Channel bottom @in_taringviewbounce from Channel bottom
buy between 75- 77
SL below 72
T 84, 90
ASHOK LEYLAND ANALYSIS H&SHEAD & shoulder pattern has been completed not it must fall from right shoulder strict stop loss is 83.55 if it hits this just exit it may head towards 88 then target for short is 78.80 good luck
note: trade at your own risk
ASHOK LEYLAND: HEAD & SHOULDERS PATTERN!NSE:ASHOKLEY
HEAD & SHOULDERS PATTERN IN ASHOK LEYLAND
75-80 IS THE IMMEDIATE SUPPORT ZONE. IF SUSTAINS ABOVE 80 IN NOVEMBER THEN WE CAN SAY THAT THE TREND HAS CHANGED IN LONG TERM. OTHERWISE THE RALLY SHOULD CONTINUE DOWNWARDS.
BEARISH DIVERGENCE OVER PAST FEW DAYS NOW. SO THAT WILL HELP TOO.
IF IT SUSTAINS BELOW 75 OR OPENS GAP DOWN IN NEXT SESSIONS, DOWNSIDE TILL 69 IS EXPECTED.
MOST IMPORTANT THING TO HAVE DIRECT IMPACT IS RESULTS. RESULTS ARE REALLY BAD. 93% DECLINE IN PROFITS YOY. SO WE CAN CATCH A BIG MOVE HERE.
ASHOK LEYLAND ANALYSIS EXTREMELY WEAK RESULTAS IT POSTED 93 % DECLINE IN SALES YESTERDAY WHICH IS VERY POOR WE CAN EXPECT GOOD CORRECTION MY FIRST TARGET IS 70 THEN FINAL IS GIVEN WITH ARROW GOODLUCK AND ALSO IT TRIED TO CROSS 50% LEVEL OF FIBONACCI BUT MADE REJECTION DOJI CANDLE AND CLOSED BELOW THAT LEVEL THIS IS ALSO GOOD CONFIRMATION AS MANY STOCKS CORRECT OR BOUNCE OFF THIS LEVEL AND THIS LEVEL SHOULD WORK AS OUR STOP LOSS TOO
NOTE: IT IS MY PERSONAL OPINION NO ADVICE
