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
1110 days inverted cup and handle formation. Good to buy above 140 for bigger targets. Good to buy above 130 for smaller targets. (Also, showing small inverted cup and handle) Trade advice Patil ma'am. Only for educational purposes. . Learned technical analysis at Patil share market institute Aurangabad, Maharashtra.
Hello Traders, Warm Greetings! With CCI jumping over 70 and CCI above 253, Ashok Leyland appears super bullish. If the 2 hourly candles close above 132, in the next 2 sessions, then the positions can be entered. between 132-133, for a week-2 week target level of 144, with SL of 124. * Buy at 133 * Profit at 144 * SL at 124
Buy with SL of 119 & look for the target of 130-135 / later 140
Rounding Top formation in Ashok Leyland. Sell below 120 for easy targets of 115. Can bounce from 120 or the trendline so wait for confirmation.
Looking 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...
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 strong uptrend stock is in consolidation Readying for one more up move soon Keep an eye !!!
NSE: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...
Pennant formation and breakout with higher volume. Possible target marked in chart. Follow for more.