Ashokleyland
bullish trend of ASHOK LEYLAND points to be noted-
1.strong upside trendline support ( containing 50 daily candles)
2.consolidation of 8 months breaks (October monthly candle)
3.october sells of company are better than expected.
4.strong demand at 140 and 145 strike price.
this analysis is for education purpose only.
NSE:ASHOKLEY Consolidation BONSE:ASHOKLEY
#ASHOKLEY Consolidating @ Resistance and trying to BO the level, Post BO may result good positive momentum.
Post sustainability above the level may try 145 CE
If swing changes start falling down side may try 140 PE.
Check out todays charts and results to practice the levels.
Happy Trading !!
Ashok leyland Moving in a channel pattern formationAshok leyland Moving in a channel pattern formation
usually channel pattern forms when there is less activity from buyers and sellers ,price become sideways and trade in a certain range ,ashok leyland is also trading like that keep eye on it ,it can give any side breakout .