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
Ashokleyland
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...!!!
Buy Ashokley at every level if it is brokenashok leyland is above it's support line.
keep adding in dips at every level, if broken.
Ashok Leyland --Go LongI will take very light positions like 80-100 qty as testing purpose, wave 5th mean Diversions in MACD that mean it will take more time for upside. so capital will be stuck.I would like to keep the SL 91 for the destination of 150++. let se when target or SL come.
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.
Ashok leyland shortone may short Ashok leyland
SL 118
T1 114
T2 108
T3 101
feel free to comment
BSE:ASHOKLEY
Watch out for HnS breakout in Ashok LeylandWatchout for HnS breakout in Ashok Leyland folllowed by good sales growth.
Buy for long term with targets of 30-45% and add on dips.
AshokLeyland Watch for Price ActionAshokLeyland Watch for Price Action , Near to Double Top it will come back or wait for breakout
ASHOK LEYLAND TRADE IDEAAshok Leyland is coming up to the sell zone. I expect it to fall till target zone. Money management is key to all of my trades. Follow strict stop loss.
Ashok Leyland - Regular Bearish Divergence?Stock shows Bearish Divergence in daily charts -
SL - 95
Tgt1 - 90.5
Those who feel lucky can try a PUT call on Options :)
Ashok Leyland symmetric triangle patternA symmetric triangle pattern has been observed since Dec 2016.
Do trade in the direction of breakout. I will keep you posted and inform you once the trade is active with target and SL
Ashok leyland to continue down trend.Ashok leyland has been trading in downtrend and it reversed touching the resistance 50%fibo. and we may see the stock to approaching next support around 82.50 in near term.
Ashok Leyland Potential Short !Similar to my idea of Tata Global this stock is showing good frequencies around the Pitchfork so I am looking for a short on retesting the upper Median Line. If recent election result creates an euphoric rally, climbing the price to the supply zone I would short the stock with Stop Loss of 96. Please put it into your watch list and to take timely action.
Wait and go long at 70 Rs for Target 115-Ashok LeylandWait and go long at 70 Rs for Target 115-Ashok Leyland
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.
