Ashokleyland
ASHOK LEYLAND : WEEKLY CHART : HEAD & SHOULDER PATTERNASHOKLEY forming a Head & Shoulder Pattern on Weekly Basis . It just took a rejection from its Neck Line area, which is really a very crucial level for the stock. Closing below the NECK LINE may open further downside for the stock.
100 is a very big support level for this stock physiologically, if stock gives a closing below it's Neck Line may take it to 100 and if stock falls further then next support area is 85-90.
Also, there are number of bad news floating in the market which are creating selling pressure and apart from this Rupee is getting weaker and weaker etc.. :>> MY VIEW FOR THIS STOCK IS STRONG BEARISH FOR NOW.
"IS BOTTOM FISHING GOING ON"- ASHOK LEYLANDThe stock is constantly in down trend has seen huge fall and is currently trading at the levels of 107.75
Follow the levels to take a positional trade in the same:
“SELL IF” the stock breaks the levels of 105 which can give the targets of 100 and then 95
OR
BUY “ASHOKLEY OCT 100 PE” when the stock breaks the levels of 105
“BUY IF” the stock positively breaks the level of 110 which can give the targets of 122
OR
BUY “ASHOKLEY OCT 120 CE” when stock breaks the levels of 110
LOT SIZE: 4000
PS:
THE STOCK WILL ACTUALLY CATCH HUGE MOMENTUM AFTER THE STOCK CROSSES THE LEVEL OF 126-127
OPTION TRADING IS HIGHLY RISKY GO ACCORDING TO YOUR CAPITAL SIZE AND RISK CAPACITY
*RISK FACTOR IS HIGH SO DO IT WHEN YOU FEEL THAT THIS TRADE WILL NOT ERODE YOUR CAPITAL*
STAY CONNECTED
EARN HUGE PROFITS, TAKE SMALL LOSSES
Ashok LeylandSymmetrical Triangle: Breakdown, Sell:122, Target: 108, SL: 133
Rectangle area represents demand area.
Further there seems to be a H&S pattern formation, will update in case the right shoulder forms fully.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Ashok Leyland short term view- BullishIndicators are showing reversal. Daily Bandbollinger narrow range,PASR turns positive,CCI crossover,weeklly PSAR turns positive and others. That will lead to achieve the target on coming days. Pattern wise, Parallel line breakout, Inv.Head and shoulder and Double bottom are going on. Refer chart for Target and stoploss details.
Vijayaraghavan.K,
Kovilpatti.
MyAlgo : xMRSI-Progresser: Intraday : 21Sep-ASHOKLEY-ShortBased on my "xMRSI-Progresser" predictive trading methodologies, its going to be a RED candle on 21-Sep-2018 for ASHOKLEY
Sell Below(5Min candle close): 125.5 for targets -
T1: 124.6
T2: 124
T3: 123.4
SL: 126.5
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
Ashok Leyland, Long There is ascending triangle formation on weekly chart which show continuation of the rally.
Ashok Leyland1) 27% sales growth in Aug 2018 on a higher last year volume
2) Can be bought with SL 128.85 as it formed double bottom on 15 min candle
3) Other players in auto sector- Maruti Eicher Escorts Hero barely showed any growth
LET'S DRIVE WITH ASHOK_LEYLANDTwo possibilities (zones) arise from the chart –
• Buy
• Sell
BUY ZONE:
i. As FLAG completion is observed, the stock should move upwards.
ii. While moving upward it can face resistance around 133.95 to 135.75 due to formation of Double Top and 618 level.
iii. If it breaks above then it can move up to 146.40 to 152.00
SELL ZONE:
i. If the stock move gets resisted around 133.95 to 135.75 then it can see a downfall up to 109.25 which is support level considering Monthly Time Frame trend line.
ii. A support level at 109.25 should help to initiate an up-move until 146.55. Here BAT pattern formation gets completed and SELL gets initiated with a Stop Loss of 152 and Targets of 132.15 and 123.45 respectively
OTHER DETAILS CAN BE FETCHED BY HOVERING THE CURSOR ON THE CHART
Disclaimer:
• It is very important to do your own analysis before making any investment based on the chart mentioned here.
• Trade wisely!
Ashok leyland Agressive Short and long set up this is a set up only for experienced traders, All indications point for a Medium term bullish trend in Ashok Leyland, but i always play with 2 way strategy on any stock i trade. My first set up is bearish set up at CMP stop Loss 130, Buy back price - 116, At 116 i will buy back double and have a stop loss for 115, and then exit partial trade at 130, and then continue with holding till the trend changes. Let me know if you have any doubts
Ashok Leylond Long...
ASHOKLEY break the previous trend Keep watching the retest zone
If it does not break down. Trade Long...
ENTRY 129 to 132
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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Ashok Leyland shorting opportunity (Elliott Wave)Looks like we are heading down for Wave 2/B giving a low risk shorting opportunity with SL above 131.70.
If this plays out Ashok Leyland can see 118-115 levels.
Ashok Leyland- Outlook for AugustCurrently at support level. As long as this level holds, some upmove can be seen.
Ashok Leyland - Technically a buyBuying Ashok Leyland with 104 as SL for positional targets of 120 and 130 in cash.
