ASHOKLEY - Classic H&SThis is weekly chart so patience is needed.
Sell at 100 with a weekly closing stoploss of 112 and target is 83 (Positional)
Ashokleyland
POSITIONAL SHORT ASHOK LEYLAND JAN (FUT)POSITIONAL SHORT ASHOK LEYLAND
JAN FUT
SHORT@94
STOP@100
TARGET@84
LOT:4000
QTY:1
ASHOKLEY is Possibly Bullish For 3-4 Days From Now. . .ASHOKLEY is Bullish For 3-4 Days From Now. . . Its in some sort of WXY Double zigzag. . .
Ashok Leyland; Is it going down the laneAshok Leyland
CMP 100.05
The stock has broken below important zone of 105-110 which acted as support on several occasions for more than year.
Given the setup things look bleak for the stock and can be headed much lower towards 92 / 84 / 66.
View gets invalidated if the stock starts sustaining above 106-110 in the broader setup.
Take care and safe trading...!!!
Does 5 & 3 wave count frame complete?? new 5 wave count begin??It seems one frame completed..other new 5 wave count might started..!!
Appreciate comments or views.
Head n Shoulder - Weekly BreakdownCould breakdown to 90 levels or low on a weekly chart. I believe, a close below 100 with volumes would be a confirmation.
Ashokley Analysis 08-Nov-2017CMP 122.05
Res: 133.9
Sup: 80.75/73.5
Base Support: 6.15
As long as 80.75 holds, we can see 133.9 again and durther 141.5-143.4, 151-155, 165.
We are in last up move of this cycle. I expect a big fall after next up move (support zone will be between 113-73).
rajtechnicalanalysis.blogspot.in
Ashok leyland | chart pattern | Weeklyprice at an interesting level + also showing a descending triangle pattern.
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.
