Ashokleyland
Ashokley - Fibo + Demand zone + Multi-time frame In 1 day stock is nearby its lower trendline, Currently closed 20Daily and 50Daily EMA as shown on 1st chart. Also standing on Demand zone.
In 2Hrs timeframe it has completed 38.20% retracement and also nearby 100 ema.
The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Ashokley So On Daily when it's close to it's all time high level, It's showing some weakness. If the Treandline is broken then we might see 110 levels. If has to break 140 on the upside to resume it's journy.
Unfortunatally, EW studied on 2000 to 2021 for Elliottician!The price is progressing into Wave 3 upside.
If you are a newbie for technical analysis, this research is not a post for you. especially for those who want to trade, I will create a complete report with trading level by using a lower Timeframe shortly.
Weekly/2000-8 - EW cycle completed.
W4 divides the entire price range about 50%
Let's focus 3 waves:
2000-8 - 3 wave(4W = .5 of W3) & W5 higher degree.
W2 = 0.786 of 1W
W4 = 0.5 of 3W
W5 = Extended 2.618 (1)-->(3) & higher degree
ABC correct is NOT overlapped W3
Weekly-2009/13 - EW cycle completed.
2009-13 - (all waves are about equally)
W2 = 0.382 of 1W
W4 = 0.382 of 3W
We are not going to work on this 3rd wave of 2009-13 data
Weekly-2009/13 - EW cycle completed.
Fib. divider for W4 at.618 Golden section and 3rd wave are extended.
Let's focus on Wave 3:
W i = ladder style 5 waves
W iii = extended
W v = .618 of i --> iii
W ii = 0.382 of i W
W iv = 0.226 of iii W
Ashok Leyland Ashok Leyland has broken short term horizontal resistance and closed above it and is on resistance level of bearish channel + it has given a 50-200 EMA crossover in 15m keep and eye if breaks and go long after breakout
ASHOK LEYLAND is all set for a run!!I have marked all the important levels and zones in the chart. Also, the analysis behind the trade is a picture.
Ashok Layland for Swing I am lookin Swing Trade in NSE:ASHOKLEY Buy on CMP and Market will give you good Targets in upcoming Weeks .
ASHOKLEY IN BREARISH # FLAG BREAKOUT keep an eye on Ashok Leyland
this is for educational purpose only
Ashok Leyland Indraday analysis Entry : 135.60
Stop Loss : 134.25
Target : 137 / 138.30
The analysis is based on simple price action only. Entry point given are valid if the resistance / support breaks convincingly. For that learning candlesticks psychology is a must one.
Note : Don't jump in to the trade once market reach the entry level, most of the time will get better entry and that gives better reward. And always trial stop loss to take full target..
Hey Look! A Beautiful Triangle Formed HereHello everyone,
I have been closly monitoring Ashokley since last couple of days and I found this pattern is being formed now as it has consolidated for so much time and has a potential to break tomorrow or next week i would like to request evryone to add this to their watchlist if they want!
-Rv The Trader
retest donestoploss of 120 with tgt of 152 can be traded also look for your risk, consult advisor. can reach life high after 152. life high is 162
buy Ashok Leyland buy Ashok Leyland above 136 Stoploss 134 Target 138
Study: Bullish Pennant Pattern
nifty auto 🏍🛵🚗🚓🚕🛺🚙🚌🚐🚑🚒🚍NSE:CNXAUTO
if know such skill then you can get perfect sector at right time to invest in and same way if you know such skill that will help you to disinvestment in same sector at right time , as right time entry is most important in such stocks( sectors) same way right time exit or partial booking profit also must required. keep earning keep learning.
Learn . Apply . Grow (if one can find breakouts can hold for some more time with trailing basis stop loss)
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
ASHOK LEYLAND DAILY CHART ANALYSIS, ITS AROUND IN SUPPORT ZONEPRESENTLY ASHOK LEYLAND AROUND ITS SUPPORT ZONE,, AFTER BREAKOUT MAKE FRESH INVESTMENT.
