Short term Swing trading-ASHOKLEY-Long ASHOKLEY looks bullish for short term.
Buy Above: 155 for targets -
T1: 163
T2: 166
T3: 169
SL: 147.3
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. :-)
Ashokleyland
Ashok Leyland Eliott Wave AnalysisAshok Leyland expecting Zig-Zag correction. Looks like completed Wave A & Wave B of the correction. Now making a 5 Wave downmove as Wave C. At present completed Wave 2 and into Wave 3 of Wave C. Expected Target Zone 130 Levels. However, expect a overall bigger correction of the last upmove. So expecting ashok to move sideways for some time forming a WXY corrective structure upto 120 Levels, before resuming its upmove again.
Ashok Leyland viewAshok Leyland
CMP 109.7
Last time when the stock was at 112 we had a bullish view for target of 128 / 133.
Link to previous update
Well the stock made a high of 133.80 and now is back again at those levels of 112-108. However this time we have a different story here... The price action has broken blue channel and also below the green support line...
Staying below the green line will increase the probability to re test 98-96 zone on the lower side...
One may consider to sell at cmp for target of 102 / 98
with stop at 113
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One may consider to buy only if stock is decisively closing above 112 for initial target of 118...
Take care & safe trading...!!!
BEARISH SIGNAL IN ASHOK LEYLAND - NEGATIVE DIVERGENCE We cloud observe Bearish signal generated in Ashok Leyland chart.
Short Term Traders can cover LONG positions and book profits.
Keep the Trailing stop loss as the support trend line.
We could see Volumes going DOWN as price going UP.
We'll check once the support line broken.