Day pattern is doji with trending monthly cpr & supports in 1hour candle with rsi lower lows strength increasing. 1:3 RR Go always with self-evaluation & Measure the Risk .Avoid FOMO
ashok leyland chart analysis for intraday and swing trading
Looks like triangle breakout within rising channel in already existing rounding rounding bottom formation. If this rising channel midline cross will happen by script then we can see price rise till 135 with SL below 122. This kind of trade is very short in nature like same day in out . take 2%-5% of gain and move as still consolidation is happening in bigger time...
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Cup and Handle in ashok leyland
Follow my lines to trade, hope it will make some money. If 5M candle brakes trend line, skip trade.
Ashok Leyland This is what was posted on June 21, 2021 At 115.90 the stock was near the blue line which had acted as resistance previously... In Technical Analysis theory, there is a higher probability of previous resistance acting as support and vice versa. Based on this simple rule the trade was initiated. Today Result NEWS has come out and stock opens...
Ashok Leyland CMP 115.80 Chart suggests at current levels the stock provides good risk::reward ratio to go long. Pattern gets invalidated if Ashok Leyland trades below the blue dashed line Follow the levels Take care & safe trading...!!!
take the 0.618 Fibonacci as support and form a Demand Zone. Target around 139. Stoploss : day closing below 121.6. best buy is from 126 to 128.4.
It tried breaking out from the descending triangle but it seems like it failed or came back to retest, we need to observe closely, where it wants to go in the future. KEY TAKEAWAYS A descending triangle is a signal for traders to take a short position to accelerate a breakdown. A descending triangle is detectable by drawing trend lines for the highs and lows on a...
Trading can be done with scalping strategy between the top and bottom of the rising channel.
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TREND LINE + DOW THEORY BEING FOLLOWED IN ASHOK LEYLAND
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade Check these Upcoming ideas - STILL ACTIVE Check these successful trades & approach on Britannia , Mothersonsumi , DLF , Biocon , Daawat , Infosys , HBL power , HDFC life , Hind ZINC given below If you like my analysis do like & follow me as a...
Support and resistance zone mark. after consolidation break occur above 132 than 135-138 can be seen stay updated with me on mcpriceaction