ASHOKLEY looks bullish for short term.
Buy Above: 155 for targets -
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your...
RSI - Negative Divergence
Candlestick - Very close to morning star
MA - Daily candle closing below 10 DMA
Trendline - Price rejection from trendline support
Could possibly go down till 155/150
I 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.
Base Support: 6.15
As long as 80.75 holds, we can see 133.9 again and durther 141.5-143.4, 151-155, 165.
We are in last up move of this cycle. I expect a big fall after next up move (support zone will be between 113-73).
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.