Ashokleyland
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.
Go Long on Ashok LeylandDescription is in Image. Stop Loss 104. Target 115. Bought Ashok Leyland FUT @ 106.
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. :-)
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.
Ashokleyland : Looks like a great opportunity - BuyThe Gartley chart seems to be reaching the C point. Hoping for an upside. Buying point 130.
Short-Term DowntrendCE OI thrice that of PE OI.
150 Seems like an unbreakable level.
Short and carry till levels of 135.
Stoploss: Above 145.6
Further analysis after target meets.
Ashok Leyland - Possible Short Ashok Leyland
RSI - Negative Divergence
Candlestick - Very close to morning star
MA - Daily candle closing below 10 DMA
Trendline - Price rejection from trendline support
Could possibly go down till 155/150
Ashok Leyland heading to Crucial LevelAshok Leyland is approaching crucial levels to break to make around 150.
Will see how it goes.
Earlier long call:
MACD Divergence - Ashok LeylandThere may be a chance of short term bearish trend on Ashok Leyland. This is just for learning. Experts please clarify whether analysis is correct
ASHOK LEYLAND buy setupASHOK LEYLAND ascending triangle study. Currently its finding support at 100-50 daily SMA
Buy ASHOKLEY above 133
T1: 150
T2: 165
SL: 122
