In monthly, a pullback to test monthly resistance in a nice downtrend can be seen, which gives us a potential short assuming that the trend is not yet exhausted.
Weekly is in a nice downtrend since many months now and a doji has rejected the monthly resistance which is negative again. However, we see a TL break with big...
As Ashok Leyland has recently broke long term major support of Rs 80/-, the long term downtrend is triggered.
Line is Red is stop loss and black line is targets. Thin black line are intermediate support and thick black lines are major support.
Trading price: 75
Target: 71, 65, 56.5, 47.5 (placed above support line)
Stop Loss: 81.50