Ashok Leyland another Multibagger is BornAshok Leyland Monthly Chart shows breakout from the down trend & Cup Pattern Formation.
Targets coming as 4x in coming- Years
LTP - 164
Targets - 650+
Timeframe - 3-5 Years
Ashokleyland
ASHOKLEY chart looking bullishASHOKLEY cup and handle pattern breakout at lifetime high. Taking support at trendline price action looking bullish. Sustaining above previous lifetime high levels. Looking good for good upside. Disclaimer:- Not any recommendation and shared just as educational purpose. Consult your financial advisor. No one will be responsible for any profit or loss
ASHOKLEY STOCKNSE:ASHOKLEY stock is break the symmetrical triangle pattern.
Buy entry is break and sustain above the 195 level (OR) after the retracement level of 185 range.
Target 1 is 205.
Target 2 is 220 to 227.
stop loss break and close below the pattern.
Cup and handle breakout in auto sector stockAshok leyland has been consolidating in a cup and handle pattern since 2019 and is on the verge of a breakout.
A weekly closing above 170 will confirm the breakout which will the stock to 200+ levels in short time. Stock is looking bullish and can be added on dips upto 155 with a SL of 144 DCB.
Chart looks similar to Midhani which gave a sharp upmove after breakout
Note:-Idea is shared for educational purposes and should not be considered as a recommendation.
ASHOKLEY - Ichimoku Breakout📈 Stock Name - Ashok Leyland Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 227.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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A Breakout on Monthly charts in Ashok LeylandAshok Leyland has given a confirmed Breakout on Monthly charts. The stock has broken the highs of 2018 in 2023 but was consolidating in a range since then. Finally the stock has given a confirmed breakout now. One can buy a tracking quantity and buy the balance if the stock holds the Breakout at the end of the month.
Ashok LeylandHello & welcome to this analysis
Stock is in a strong uptrend which has now come close to its weekly upper channel with a bearish harmonic deep crab pattern in the daily time frame.
Strong support between 180-150 while resistance at 210
It would be a buy the dip stock or fresh additions above the weekly channel
Happy Investing
Multiyear Breakout In Ashok LeylandMultiyear Breakout
Buy At Cmp 164.25
SL - 133 ( Monthly Closing Basis )
Target - 300
Ashok Leyland 170-175 is entry level,7 years breakout after retractement now 173 rs , Target is 299 rs this stock , stoploss is below blueline
Ashok Leyland: Bullish Momentum SignalsAshok Leyland, based on the analysis using the Stock Navigator by FnOGyan Indicator, presents a compelling long signal on the daily time frame. The indicator suggests a positive outlook, supported by strong volume building up. The stock has demonstrated resilience by repeatedly finding support near the trendline support area, indicating a robust underlying trend.
Chart patterns, such as the rectangle or flag pole, further contribute to the bullish sentiment. The formation of these patterns often implies a potential continuation of the current uptrend.
Investors are advised to keep a close eye on the stock as it approaches the all-time high resistance level. Sustaining above this resistance could trigger a more significant rally, offering potential opportunities for traders. However, it's essential to monitor the market closely and consider other factors before making any investment decisions.
ASHOK LAYLAND Side base to Bullish SignalIn daily time frame it's follow side base trend . Due to quarterly report revenue was down by 2.91%(-2.905B). For long term view it's a bullish .
But here support was 165.35 and resistance 190.
If it break 190 resistance with great volume and take a retrace at this level then you can make position for long term .
Ashok Leyland bullish Investing Idea Good above 175NSE:ASHOKLEY may give impulsive moves now
it breaksout 5 years of resistance and also retest confirmed in weekly tf and daily tf
takes first resistance in 2018 followed by 2022 and finally breakout in 2023
now this resistance acting as strong support
also in daily timeframe retest of this support is confirmed
my personal view is very bullish and its the best time to invest in this stock for long term
i believe it may starts bullish impulsive moves from here
Ashok Leyland Breakout 1:3 RRAshok Leyland has given bullish head and shoulder breakout with Volume.
Good to add for Swing Position
Buy Ashok Leyland
Between 170-172 Stop Loss: 165
Target 1: 180
Target 2: 183
Target 3: 190
Based on Index movement SL
may be trailed.
Will keep posted.
Ashok Leyland : Swing Trade#ashokley #patterntrading #Breakoutstock #inverseheadandshoulder #swingtrade
Ashok Leyland : Swing Trade
>> Breakout Candidate
>> Inverse H&S Pattern Visible
>> Good Strength & Volumes Picking up
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
ASHOK LEYLAND LONG POSTIONALAs we can see the trend line breakout with higher volume we can go with long
Ashok leyland 177 Entry
SL 170
Target 178/181/187/197+++
Disclaimer: only for educational purpose, not an advice
Bullish Reversal in Ashok Leyland: Targets 190 and 220I have identified a potential bullish reversal in Ashok Leyland based on the following factors:
The stock has shown a reversal at key Fibonacci levels, indicating a potential shift in the trend.
Break of Trend Line:
Ashok Leyland has successfully broken above a significant trend line, suggesting a change in the prevailing downtrend.
Targets:
The first target for this potential upward movement is set at 190, representing a key resistance level.
A more extended bullish move could see the stock reaching a second target at 220.
This analysis is based on technical indicators, and as always, it's essential to consider other factors such as market conditions and company news.
Ashok Leyland,UPSIDE OF 205 - 210 LEVELSCurrently, Ashok Leyland is at the previous trendline Support level of 175 in price. If the stock successfully recovers, it might eventually hit 205-210 price levels in the coming weeks, according to the Elliot wave pattern, Fibanocci retracement, and trend line support levels.
ASHOK LEYLAND - LONG BREAKOUT!!!BUY - ASHOK LEYLAND
CMP - Rs. 145
Target - 1: Rs. 195
Target - 2: Rs. 260
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Technicals - Cup and Handle BO
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This is just a view by an expert analyst, please invest at your own risk.
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Ashok Leyland head and shoulder breakAshok Leyland head and shoulder breakout
can look for tp of 183-183.50 with stop of 177
dc : only for educational purpose
Could break out on big volumes - Ashok LeylandSelf explanatory - auto sector weakness is the only possible negative. Results were a blow out and the stock hasnt yet absorbed enough of that. Buying could emerge in the next month - keep track
ASHOK LEYLAND TO TAKE LONG ENTRYKeep the stock in your watch list. Can take long after the Breakout of the channel above 190.
This is for your educational purpose only.
ASHOK LEYLAND Creating "W" Pattern in Daily ChartsAshokLayland Creating "W" pattern in Daily charts. If its sustain above @170.00 then we are witnessing to go a Bullish Rally.
Initial Target Point: @182.00
Keep track traders.
ASHOK LEYLANDAshok Leyland can see some correction below 181 mark and could try to test its first support.
