I hope you can now see how Ashokley represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be...
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