Leyland has to breakout it's all time high 168 zone for further move ,keep an eye on Volume also(if your an positional trader) ...
- if it failed to breakout the level then one can take short position where it also act as strong supply zone
Ashoka has been trading in a tight range since last 6 months. Now ready to break out.
Big upside momentum expected on breakout seeing the price structure.
ASHOKA
Buy-Above 119
Add More At 105
Sl-90
Target- 170 200 A new ATH -240
Ashok 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 .
ASHOKLEY
1. consolidation break this weekly closing strong confirmation
2. nifty auto supporting so up trend price move
3. next target coming soon ......................
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 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...
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
—DISCLAIMER—
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will...
NSE: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...
ASHOKLEY 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.
Reason for Bullish,
Daily CPR moving upward.
Stoch RSI giving buying signal.
RSI also picking up momentum.
And Most importantly if everyones view is on short smart players know how to cut their positions 😀
My tgt for sept month above 130.
SL will be 115.5
