For educational purpose only.
Reasons for bullish movement of idea:
1.Had crossed a major support, shown above.
2.Inverted head and shoulder breakout.
3.Flag and pole breakout.
4.50 and 200 EMA breakout.
5.Other markets also seems bullish.
Take entry after closing of green candle above 50 EMA in 30 minutes and 1h time frame. And see other markets also. If you...
the concept of supply demand works very fine
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Ashok Leyland has broken short term horizontal resistance and closed above it and is on resistance level of bearish channel + it has given a 50-200 EMA crossover in 15m keep and eye if breaks and go long after breakout
on the 4 hour timeframe it has broken a trend line which acted as resistance and also observed the last kiss. So expect a UP move from here.
NOTE : Its totally my analysis and do not take it as trading advice.