cup and handle patternstock trading near major resistance...
need to spend some time above 2 to 4 hrs.
10% above 170
Ashokleyland
My view on AshokleyAshokley
If sustain above 170
Looking tgt 174-176-180++
in very short term
As it is giving longtime trendline breakout
Keeping on radar Ashokley 172 CE
Cup and Handle PatternA cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.
Script = Ashok Leyland
Time Frame = 1 Day
Ashokley Numerous Bearish signs!!!!Chart Patterns look good for a short trade
REASONS
1. In Weekly timeframe, Ashokleyland broke out of the Ascending channel on sep 2022 & Right now it formed a Bearish Pennant pattern and Gave breakdown for that too!!!(SHOWN BELOW)
2. In daily time frame, it is moving alike Inverted cup& Handle pattern(shown below)
3. In 2hr timeframe, it is trading inside a DESCENDING CHANNEL and also there is Bearish pole pennant pattern seen.
4. There is an UNFILLED GAP ZONE (127- 125 RANGE)(Gaps often gets filled)
5. Target(dashed bright green lines) & Sl(dashed red line ) levels mentioned @ chart
6. Gap zone(green rectangle ) can acts as good support!!
Just be fixed with the SL level.
Let's wait and watch how it moves!!!
NOTE - Just sharing my view....not a tip nor advice!!!!
ASHOK LEYLAND LONG IDEA NSE:ASHOKLEY
Ashok Leyland making bullish pattern we can buy once it break above resistance level above 140 level
STOPLOSS below 135.5
expected target would be - 147.5, 150
ASHOK LEYLAND Analysis!Ashok Leyland Monthly Analysis
Long Tern view on Ashok Leyland
Ashok Leyland Consistently Taking Support on Support Trendline
We can see How beautifully price has taken support on Support Trendline. We can say price is respecting the Support Trendline. This is the characteristic of a trendline. The support trendline acts as a support to the price which can stop the price to move further downwards. One can initiate long position if price reaches and takes support on the Support Trendline.
#Ashok Leyland Good Move AheadStock is near to BO zone post downward move with massive volume buildup on daily chart, follow chart for proper support and resistance levels.
Morning StarA morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick.
The middle candle of the morning star captures a moment of market indecision where the bears begin to give way to bulls. The third candle confirms the reversal and can mark a new uptrend.
Script = Ashok Leyland
Time Frame = 1 Day
Ashok leyend latest analysis Ashok leyand daily chart draw elliot wave analysis flat correction complte
buy 138
stoploss 135
target 143 ,155,170 or 280
Few Harmonic Patterns Looking at the charts on various time frames - few stocks with Possible upside Harmonic patterns are shared for study purpose:
NSE:LAURUSLABS
NSE:HINDUNILVR
NSE:ASHOKLEY
NSE:COLPAL
#ashokleyland trade idea kindly see the levels marked on the chart this can be good stock to trade
only for educational purpose
ASHOKLEY : PRICE Action : EV FocusedGOOD price volume action seen
Taking support from Previous trend Line .
Now It is forming a Inverted Head and Shoulder pattern
R: Favourable
ASHOKLEYLAND for 10% Gain ASHOKLEYLAND buy for 10% gain it is showing the falling tendline breakout. you can keep it on radar.
LTP : 148
TG : 164
SL : todays low
Can be bought ABOVE 144.1 for Trendline TargetFor trendline target
NSE:ASHOKLEY
Buy only ABOVE 144.10
SL of 141.50
Target of Trendline and 2nd target of 150.70
MIDCAP may be on FireNSE:CNXMIDCAP NSE:ASHOKLEY NSE:ASAHIINDIA NSE:BAJAJHLDNG NSE:GRAVITA NSE:IEX NSE:PIIND NSE:POLYCAB
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research.
ASHOKLEYASHOKLEY making inverted Head&Shoulder patter, it's not complete now, it can be possible Cup&Handle pattern also wait for clear direction
GRANULES TL BO !!NSE:GRANULES
#NSE:GRANULES trading @ 1 year old TL and with the volumes showing may expect BO,
May show good momentum if sustain above the TL.
ashok leyland 15 min frame the chart represents bearish rectangle pattern in smaller frame target 142 to 141
ASHOK LEYLAND ready to be a multibagger 52 week high nearbroken Many year old trendline still intact if it is able to break ATH there's no stopping it from becoming a multibagger in a year to come!!!!
Ashok Leyland Ltd. (ASOK)breakoutAshok Leyland Ltd. (ASOK) strong Breakout
Today Leyland break out with storng volume and momentum. Huge order help to cross previous year highs. Next target 169, 175,181. Time to go long.thank you.
head and shoulders on ashok leylandthis is with reference to my previous idea...i forget to mention it
and also the triple confirmation :)
NSE:ASHOKLEY
ASHOK LEYLAND - BullishWave C unfolding
Strength indicator showing Positive nodes
Sl can be kept below 143
Tgts of 151/158 expected
ASHOK LEYLAND - SHORT TERM DOUBLE TOPASHOK LEYAND seems Double Top pattern clearly in 4hrs chart. It's bearish pattern. If breakout the neckline at 137, price should be move downward for primary support. In between price engagement also passing at 131. In this case, price may chance to sustain at 131 as a support.
