Ashokleyland
ASHOK LEYLAND ANALYSISIT IS TAKING RESISTANCE ON FIBONACCI`S 50 % LEVEL PLUS BULLISH DIVERGENCE SEEN WITH STOCHASTICS AND IT IS CONSOLIDATING UNDER TRENDLINES IF UPPER LINE IS BROKEN IN 15 MINUTE CANDLE TARGET FOR LONG IS 81 IF BREAKS LOWER TRENDLINE GO SHORT AND REST DEPENDS ON RESULT DUE TOMORROW GOOD LUCK
ASHOK LEYLAND SHORTPOWER OF TRENDLINE RESISTANCE AND DOJI CANDLE ON TRENDLINE PLUS BEARISH DIVERGENCE SEEN WITH STOCHASTICS GO SHORT UPPER TRENDLINE IS STOP LOSS NOTE: RESULT IS DUE TODAY PLAN ACCORDINLGY RESULT MAY IMPACT STOCK TI MAYBE A GAMBLE :)
NOTE: FOR EDUCATION ONLY NO ADVICE
Ashok Leyland: Still a correction left?In monthly, a pullback to test monthly resistance in a nice downtrend can be seen, which gives us a potential short assuming that the trend is not yet exhausted.
Weekly is in a nice downtrend since many months now and a doji has rejected the monthly resistance which is negative again. However, we see a TL break with big green candle in weekly which is a point of concern. But the pullback test is at Fib Levels which is again great.
With higher TFs on bearish side, we will look to confirm bearishness in the daily which can be after the breakdown from the rising wedge pattern. SL can be kept at monthly resistance of 78 with a target of 63 once daily gives a confirmation.
ASHOKEY LEYLAND SHORT AND LONG BOTH IDEASWITH STOCHASTIC IT IS GIVING BOTH BULLISH AND BEARISH DIVERGENCE MARKED WITH REDLINES :) WELL I HAVE DRAWN 2 TRENDLINES IF UPPER ONE BREAKS AND CLOSES ABOVE IT IN 15 MINUTE CANDLE TARGETS ARE GIVEN FOR LONG AND IF LOWER LINE BREAKS TARGETS ARE GIVEN FOR SHORT AS WELL
NOTE: FOR EDUCATION ONLY
ASHOKLEY Short Setup [Intraday]NSE:ASHOKLEY 1H supply zone at 69.05 with SL at 69.60 and three potential targets.
Note:
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly
Long-term short setup Ashok LeylandAs Ashok Leyland has recently broke long term major support of Rs 80/-, the long term downtrend is triggered.
Line is Red is stop loss and black line is targets. Thin black line are intermediate support and thick black lines are major support.
Trading price: 75
Target: 71, 65, 56.5, 47.5 (placed above support line)
Stop Loss: 81.50
ASHOK LEYLAND IS IN DOWNTRENDIT ALREADY CROSSED 2 STRONG SUPPORT ZONE.SO NOW IT HAS A CHANCE TO GO DOWNTREND FOR SOME TIME.SO WE HAVE TO WAIT AND WATCH.
Ashok Leyland | Raising RangeAshok Leyland have better support at 70-74 range.
Around 12-15% bounce we can expect from above support range.
Target Range: 83 - 86
Expected duration : 6 to 8 weeks
Risk Alert: Do not take this idea/analysis as trade decision for your trading. Go through this and take decision by yourself. Trading financial instruments involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
NIFTYAUTO | 7000 Support of Last ResortNIFTYAUTO index has been on a downtrend traversing through key supports. Now 7000 seems to be the support of last resort for the index.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
Ahsokleyland watch for breakdownAshokleyland is on a breakdown - As per the trend.
We expect it to break down and go on a further downtrend. Or it may shoot little up and come down to the target.
So watch and try to understand the action.
Understanding :-
We can see the stock is in a bear move. And it is in a symmetrical triangle.
We understand the symmetrical triangle is a temporary pause in the movement and when wakes up, could ( could ... ) continue in the original direction.
ASHOKLEY (Ashok Leyland Ltd) BUY ABOVE 91ASHOKLEY (Ashok Leyland Ltd) BUY ABOVE 91
Respecting the trendline at the lower level. Breaking the upper trend line will give a breakout in stock upto a target of 95.
ASHOK LEYLAND HOLD THE IMPORTANT SUPPORT ZONE61.8 IS VERY IMPORTANT FIB LINE. IF ASHOK LEYLAND HOLD IS LINE THEN UPSIDE MOVEMENT COMING IN FEW MONTHS.
THANK YOU.
Ashok Leyland Hourly ViewHave support level at 84-85 range, it may get raise around 7% before 2019-20 budget announcement.
Automobile Sector - Leading and Outperforming Companies (3)As per the Auto Index chart, it is consolidating in a downward diagonal channel, but there are companies in auto sector, (industrywise) which may outperform due to their strong fundamentals.
In Automobile Sector - Leading Companies Industrywise
1. AshokLeyland (Commercial Vehicle)
2. Jamna Auto/Automotive Axles (Auto Ancillaries)
3. VSTTractors/ Escorts (Tractors)
4. Maruti (Cars)
5. Eicher Motors /Hero Motorcorp (Motorcycles)
They above listed have consistent profits, good growth and almost no debt.
ASHOK LEYLAND NSE : LONG FormationASHOk LEYLAND NSE : LONG Formation
Accumulate : 90 , 95
Upside T : 100, 107 ,114 , 118
