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.
Now its Trading at strong Dynamic support, Good to enter if breaks above small trend line and closes above 122..
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
We are strongly pessimistic about Ashok leyland by considering the above reasons.
Broke the support line on the day frame. This is the 3H chart and we have a Doji at the end of the day. Expecting a pullback to Go short @ 123 ENTRY: enter only if it bounces at 123 levels TARGETS: 117 and 112
ashok leyland chart analysis for intraday and swing trading
Ashokley 125 min string demand zone trade setup marked on chart with SL, Entry and Target.
Ashok 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.
This is my swing setup for Ashok Leyland it has broken the trend line as well as retested it. Time to buy.
Ashok Leyland taking support at 20D SMA and showing clear signs of Cup with Handle on a weekly basis. Expect to make new highs above 165 soon.
Play the levels what ever may be the result... Sustaining above 131 is the key for bulls to be in control...
Ashok Leyland gave a Trend line breakout. Now the trend line has been retested and seems to be pullback and continuation. Go long above day high.
NSE:ASHOKLEY Observing Divergence on ASHOKLEY. One can initiate a short Trade once the price moves below the white trend line. StopLoss - Recent Swing high Target - Swing low of first wave.
Best Buy After Breaking above Resistance or at Retesting - 130-132 Target1 : 138 Target 2: 150 Note: This analysis is only for educational purpose.