#ashokley #patterntrading #Breakoutstock #inverseheadandshoulder #swingtrade
Ashok Leyland : Swing Trade
>> Breakout Candidate
>> Inverse H&S Pattern Visible
>> Good Strength & Volumes Picking up
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
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Currently, Ashok Leyland is at the previous trendline Support level of 175 in price. If the stock successfully recovers, it might eventually hit 205-210 price levels in the coming weeks, according to the Elliot wave pattern, Fibanocci retracement, and trend line support levels.
#ashokley #autosstock #breakout
>> Good Trending stock
>> Good Strength & Volume in stock
>> Can Contine Making New Highs
Swing Traders should focus on 10% profit & keep trailling
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for...
Ashok Leyland Monthly Analysis
Long Tern view on Ashok Leyland
Ashok Leyland Consistently Taking Support on Support Trendline
We can see How beautifully price has taken support on Support Trendline. We can say price is respecting the Support Trendline. This is the characteristic of a trendline. The support trendline acts as a support to the price which can...
Hello, ashok leyland stock mid term swing trade buy: 118 targets: 128/144 stoploss: 113.
LOGIC BEHIND TRADE: Stock has formed W pattern & breakout given breakout of resistance level breakout buy (targets identified from harmonic xabcd pattern levels 0.786/1.131) stoploss is taken low of resistance candle. Stock looks good for mid term siwng trade. NSE:ASHOKLEY
Ashok Leyland formed a classic cup and handle pattern. Buy range is between 150 - 152. Stop @ 140. Target 1 - 160, Target 2 - 170.
Note: Buy only if the price closes above 150 on a daily time frame.
wedge breakout in daily chart with apana wala candle at breakout level it can show 165/175 with days low as sl in nxt 15 trading session watching carefully. but be carful result bhi hai. but technical chart shows long builtup.
#ASHOKLEY Consolidating @ Resistance and trying to BO the level, Post BO may result good positive momentum.
Post sustainability above the level may try 145 CE
If swing changes start falling down side may try 140 PE.
Check out todays charts and results to practice the levels.
Happy Trading !!
Leyland has to breakout it's all time high 168 zone for further move ,keep an eye on Volume also(if your an positional trader) ...
- if it failed to breakout the level then one can take short position where it also act as strong supply zone