Ashokleyland
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
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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.
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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
Ashok Leyland Ltd Will Negative Note | Trade NiveshAshok Leyland last day open with 96.10 making hingh 97.75 low 95.60 as well as close with 96.50 if we are following harmonic pattern ashok leyland will be down its a create to pressure at 97.75.
Ashok Leyland Trend changeThe down trend seems to be over and it is important to sustain 95-96 levels for the uptrend to continue. It can be bought around current levels for medium term investment.
Ashok Leyland - Keep Watch - Crucial LevelAshokleyland is going to blast above 95.5 or will it remain in range for few more day..
Keep Watch
Long - Ashok LeylandHourly chart suggests that Ashok leyland is bouncing from trend line.
We can go long in short term.
ashokley land move upto 112 levelashokley land move upto 112 level, its an sure hit...later 90 % probably fetch upto 160 level...in coming couple of months
Ashok leylandexpecting reversal from 75-80 levels. If that gets broken, we will have downtrend for several months.
