Ashokleyland
POSSIBLE BREAKOUT CANDIDATE1. 121-125 is strong Support zone for #ASHOKLEY.
2. 130-132 is Resistance Zone.
3. Clashing above 132 will invite further targets of 142/148/153.
4. Add till 122 with SL of closing below 121.
5. Volumes have reduced for past few sessions indicating a squeeze anytime soon.
6. Consult your financial adviser for before investing. If worth it, Do Like, Share and Comment.
Simple Trade Setup | ASHOKLEY | 25-04-2022 (INTRADAY)NSE:ASHOKLEY
Observations:
1) On 15min time frame, we can see it is forming rounding bottom. But this pattern is not complete yet. If it complete and gets activated on breakout of 132 then we can see a good up move.
Please refer below chart : 15min time frame.
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Trade Setup for 25-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalASHOK LEYLAND
Stock trading at its trendline resistance on daily chart.
With recent movement and volumes. Seems this time stock will break this trendline
Buy above 130-133 levels for short term 5-7% targets
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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ASHOK LEYLAND MID-TERM SWING TRADEHello, ashok leyland stock mid term swing trade buy: 118 targets: 128/144 stoploss: 113.
LOGIC BEHIND TRADE: Stock has formed W pattern & breakout given breakout of resistance level breakout buy (targets identified from harmonic xabcd pattern levels 0.786/1.131) stoploss is taken low of resistance candle. Stock looks good for mid term siwng trade. NSE:ASHOKLEY
SWING & IntradayWhy this Trade..??
1. DOUBLE BOTTOM
2. Broadening Triangle
3. Fibonacci 50% Retracement
Buy or Sell based on the Support Break with Volume
Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
AshokLeyland - buy until 116, can give 57% in 4-6 monthsin.tradingview.com
As per Elliott wave theory, Ashok leyland is trading in wave4 and has formed a Flag pattern, this is at a good price and can be bought until 116 with a stoploss at 108. This can go till 183, with a target of 148 in short-term and 183 thereafter, hopefully in less than 6 months.