Ashokleyland
Auto Sector - Ready for an upside ?Forming a flag patter, breakout might happen on upper side, look out for auto index cross 10900.
Stocks to watch out for if we see a bull run in auto stocks :
1) M&M
2) Escorts
3) Bosch
4) Ashok Leyland
I am particularly bullish on M&M.
Disclaimer : Bought M&M at 794
Ashok Leyland Long TermASHOK LEYLAND looks Good on Weekly chart. Trading above 20 & 50 EMA on Weekly Chart. Can be good pick for Long term Position for period 6-8 Months. Add more in Dip.. Target 160
ASHOK LEYLAND: one of the leading player in India CV industry with a 32% market share in the MHCV segment. Demand for the MHCV segment has started to recover over the past few months. The company is ideally placed to capture the growth revival in the CV segment.
ASHOKLEY pre-market intraday analysis and setup🎇Hello Traders👋
Today i have made a post on ASHOKLEY 15m
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
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I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be considered as informative and educational post
I shall not be responsible for your profits and losses
Simple Trade Setup | ASHOKLEY | 13-09-2021 or in coming few daysNSE:ASHOKLEY
Observations:
1) On Daily time frame, It has made a bullish candle and broke 21 DMA as well as 125 level with good volume. If it sustain above 125 level then this will start bullish move now.
Please refer below chart : Daily time frame.
2)On 15 Time Frame: It made bullish flag and pole pattern.
Please refer below chart : 15min time frame.
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Trade Setup for Date 13-09-2021:
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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
ASHOKLEY Trendline Bounce at 200DMAASHOKLEY is bouncing off from its trendline support which and also at 200 day moving average. 121 is a resistance which if crossed would be bullish on the stock. It would make sense to start building long position with full position on daily closing above 121. We can expect a target of 135 which is the previous strong resistance on the stock with 112 as the stop.
Ashok Leyland: Parallel ChannelAshok Leyland price in consolidating in a rising parallel channel. Right now price is trying to take support at the lower side of the channel. If it breaks this level then there is immediate support available @ 120-122 which has already pushed the price back up multiple times.
Ashok Leyland buy for 129.Ashok Leyland to invest up to USD 200 million in EVs
Hinduja group flagship firm Ashok Leyland will invest up to USD 200 million (nearly Rs 1,500 crore) in its electric vehicles journey through its UK-based arm Switch Mobility in the next few years, according to company officials.
Switch Mobility, which will play in the commercial e-mobility space globally for the group through next-generation electric bus and light commercial vehicles, will launch an electric light commercial vehicle (eLCV) later this year in India.
Ashok Leyland is banking on Switch Mobility to play a crucial role to achieve its ambition of being in the top ten players globally in the commercial vehicles segment through the latter's electric commercial vehicles, which would allow it to serve markets developed like the US, Europe and Japan.
TRADE SETUP FOR 02-08-2021 | ASHOKLEYNSE:ASHOKLEY
Trade setup for ASHOKLEY on 02-08-2021
It has made bullish flag and pole pattern. Once it break the trendline then it will be a good buy trade opportunity. And safe buy trade can be above 134 breakout.
Safe Sell trade can be taken below 130. But once who even wants to short below 132 then it will be a quick move of 2 points till 130. My personal view is 130 will act as a support. But if 130 is broken then there will be down movement. But better to book partial profit at 128 level in short trade.
Targets and levels are mentioned on the chart.
Do comment if you have any doubt or suggestion.
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