Ashokleyview
ASHOK LEYLAND Analysis!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 stop the price to move further downwards. One can initiate long position if price reaches and takes support on the Support Trendline.
Simple Trade Setup | ASHOKLEY | 25-04-2022 (INTRADAY)NSE:ASHOKLEY
Observations:
1) On 15min time frame, we can see it is forming rounding bottom. But this pattern is not complete yet. If it complete and gets activated on breakout of 132 then we can see a good up move.
Please refer below chart : 15min time frame.
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Trade Setup for 25-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | ASHOKLEY | 13-09-2021 or in coming few daysNSE:ASHOKLEY
Observations:
1) On Daily time frame, It has made a bullish candle and broke 21 DMA as well as 125 level with good volume. If it sustain above 125 level then this will start bullish move now.
Please refer below chart : Daily time frame.
2)On 15 Time Frame: It made bullish flag and pole pattern.
Please refer below chart : 15min time frame.
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Trade Setup for Date 13-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
TRADE SETUP FOR 02-08-2021 | ASHOKLEYNSE:ASHOKLEY
Trade setup for ASHOKLEY on 02-08-2021
It has made bullish flag and pole pattern. Once it break the trendline then it will be a good buy trade opportunity. And safe buy trade can be above 134 breakout.
Safe Sell trade can be taken below 130. But once who even wants to short below 132 then it will be a quick move of 2 points till 130. My personal view is 130 will act as a support. But if 130 is broken then there will be down movement. But better to book partial profit at 128 level in short trade.
Targets and levels are mentioned on the chart.
Do comment if you have any doubt or suggestion.
Ashokley
ashokley can touch previous ATH sooner or later so one can long as per their trade set up. what ever dash line you can see on D point f both patterns are reversal zone so if you find reversal their then one can short with sl as per their trade set up.
******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.
ASHOKLEY : Trade SetupNSE:ASHOKLEY
Hi Traders,
ASHOKLEY bounced back from its support zone as well as break its resistance zone easily. If it break last trading day high then it can hit 82 level. If it break 84 level then remaining target can be hit.
Entry and target level on chart.
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###Learn To Earn###
* This analysis is educational/learning purpose only.
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Flag pattern - wait for the break.Price after a big bull ride, breaking from the symmetric triangle and taking support from the channel bottom is in a consolidation phase at present.
Now price is forming a Flag pattern and only thing is we have to enter long after confirming the break. If you are aggressive trader then go long when price takes support from the Flag bottom with minimum stop loss.