Wait and go long at 70 Rs for Target 115-Ashok LeylandWait and go long at 70 Rs for Target 115-Ashok Leyland
Ashokleyland
Short-Term - ASHOK LEYLAND UPAs per my analysis,
it has broken trendline and if it stays above, it should touch
Target - 92
CMP - 86.85
SL - Below trendline
I try to give 1:5 Risk Reward mostly,
30% right should also make money ;)
Buy Ashok Leyland with a target of 92Ashok leyland after breaking the down trend it tested the crucial 50% fibo level and again tested the previous level,the stock again seems to be approaching the 50% fibo. level again in near term,trades may enter long in ashok leyland up to the target of 92 in near term.
Ashok Leyland - Sellers in ControlIt is been observed on the weekly chart that the price action reversing at 91 levels where seller came into the market and took control over the price action. Now, it is been observed that this week price action shall break below current support levels of 75 and shall move down to previous support levels at 68.50 - 65.50.
Target1: 72.50
Target2: 68.50
Stoploss: 83.25
Ashok Leyland the time to board the trainAshok Leyland has broken the down trend and up trend seems to be established and touched first resistance, we may go long on this stock after it breaches this 92.10 level for the target somewhere between 110-112 in near term. stock looking strong enough to push upward.
AshokLeylad making a bullish correction.Ashok leyland has been consolidating for a long time. The chart formation looks like it has completed wave A of a flat correction. The wave A has unfolded into to three waves marked in green ABC (3-3-5). We can anticipate a 3 wave up move B which should unfold as a 3 wave move. The current move in the counter has completed a 5 wave impulse move which went above the reflex point marked in yellow.
AshokLeyland making a bullish correctionAshok leyland has been consolidating for a long time. The chart formation looks like it has completed wave A of a flat correction. The wave A has unfolded into to three waves marked in green ABC (3-3-5). We can anticipate a 3 wave up move B which should unfold as a 3 wave move. The current move in the counter has completed a 5 wave impulse move which went above the reflex point marked in yellow.
Go LONG on Ashok LeylandEMA positive crossover, heiken ashi with lower top wicks, breakout from down trend line with gap up.
Ashok Leyland: A Change In BehaviorHave a look at the chart. The blue lines capture major swing highs & lows. After the climactic action at the low, notice the change-in-behavior aka sign of trend reversal when the price moved above the prior swing high.
Any pull back and evidence of support at the green lines would get me interested in this stock.
Ashok Leyland: Potential Buying OpportunityThe recent fall in the stock has been arrested at the key support level in the daily time frame. In the hourly chart presented here, price is on the verge of completing a "Change-in-Behavior". This happens when the price takes out a prior swing high in a downtrend, or vice-versa.
Watch this stock. If I see a strong reversal off the green-support lines, I would be keen to consider long-positions.
Ashok Leyland : Short-term, Keep an Eye !Hi Guys,
About 2 months ago there was a post about Ashokley , that bullish bat is forming and bat completed after 2 months of wait n in the zone, I have attached that idea below. Currently,
(i) Ashok Leyland is bottoming out in previous support zone
(ii) Support zone quite strong with no. of retests
(iii) After Bullish confirmation , initiate Longs
(iv) The Double Bottom may or may not work depending on general sentiment on Nifty
(v) Stops below 77 will be good idea,so check your risk n reward
Depending on your Risk Reward choose Target or you can carry it as long term after checking Fundamentals
I didn't check fundamentals of Ashok Leyland !
Ashok Leyland Pursuing Downward TrendAs shown in the chart, the pitchfork pattern indicating that the price action is trending downward.
