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Ashokleyland

ASHOK LEYLAND LONGLooking at the daily charts of ASHOK LEYLAND, it can be predicted that the stock can give a 'curvy' retrace to the level of 115-116. One can look at buying opportunities at this level if there is a confirmation candle the next day after the retrace. (OPEN THE CHART FOR DETAILED VIEW). As for the immediate trend, it looks for some days till the level of 115-116. For buying, following are the levels; Entry: 115-116 (After retrace) Target 1: 122 Target 2: 127 Target 3: 132 Stop Loss: 113 TRAIL STOP LOSS RSI is showing weakness with a downward direction face MACD is on the verge of a bearish crossover Thanks FOLLOW IF YOU LIKE IT
NSE:ASHOKLEYLong
by Keshav2329
Example of positive and negative divergence Divergence occurs when the RSI is increasing and the price movement is either flat or decreasing. Conversely, divergence occurs when the RSI is decreasing and price movement is either flat or increasing. A bearish(Negative) divergence occurs when the price makes a higher high and RSI makes a lower high. As in the first case. we can see a significant price fall after that. A bullish(Positive) divergence occurs when price makes lower low or maybe at the same level in some cases and RSI makes a higher low. We can see a price rise after it.
NSE:ASHOKLEYLong
by kumarankit231
ashokleyland view and levelsNSE:ASHOKLEY The stock gave a good breakout in daily and weekly time frame. made 3 consecutive green candles after breakout and last day it made a spinning top candle.. which shows indecisiveness. it is likely to consolidate between 124 to 127 for some more time. 15min close above 127 can give good movement upside. A 15min close below 123.5 can see some more correction till 120-118 levels which is a good positional buy zone for me. The stock is in an uptrend on higher time frames so considering a long position on every dip.. watch this stock and add this to your watchlist for the coming days. 15min close above 127 initiates long for me. this is my personal view on the script. Trade as per your Risk to Reward
NSE:ASHOKLEYLong
by vyas1394
1
Ashok leyland Future Short buildupAshok Leyland Future is on the bearish horizon. It has already stood below the entry-level (130.85) there is a high probability to reach Target(110.85) Entire analysis has done on the basis of quantitative analysis with considering other important data points and statics. Please honour the SL(139.4) in case of upwards move. Entire data analysis was done on EOD basis. So let a positive candle stand above the buy line and execute on the pullback. Note: This information is for educational purpose
NSE:ASHOKLEY1!Short
by absu21