ASHOK LEYLAND ---POSITIONAL --DAILY CHART SETUP
1. ASHOK LEYLAND seen double bottom formation on daily chart around 140 level recently .
2. stock fall from overbought level 170 to 140 at bottom and daily chart seen doji trend reversal candle at oversold level following green bullush candle at last closing session, which is possible trend reversal from oversold...
ASHOK LEYLAND --HOURLY CHART --INTRADAY SETUP
1. on hourly chart trend line breakout seen in last hourly candle
2. upper channel seen on chart as trendline support taken and upmove may seen on curren level
3. stock seen support of channel near 147 and resistance of channel 152-155
4. trix line seen bullish crossover at current level
5, trade above 21 hma...
ASHOK LEYLAND -- 15 MIN CHART -- INTRADAY SETUP -- 16/06/2022
1. ASHOK LEYLAND at upper channel seen trendline support
2. combination of Hammer candle , doji trend reversal candle seen at trendline support, same candle combination previously can seen where uptrend starts, ( circle mark )
3. ashok leyland trading above 50, 200 days moving avg on daily chart...
ASHOK LEYLAND --DAILY CHART - CUP & HANDLE BREAKOUT
1. Channel breakout & CUP & HANDLE Breakout seen on daily chart
2. Histogram seen bullish
3. RSI near 60 level currently 59 level above 60 will extreme bullish
4. MACD above center and signal line
5. above 20,50.100.200 SMA
BUY ASHOK LEYLAND @ 130
target 140-150 + ( SHORT TERM ) - 1 month
stop loss...
ASHOK LEYLAND on hourly chart seen Bullish Technical indicators for short term - mid term trend. one can buy at cmp @131.50 for short term upside 10-15% . as fundamentals also upto the mark ..mid term positions this stock can hold for good return in portfolio.
Technical indicators.
>> Trend line breakout triangle pattern.
>> Moving avg 50,200 golden cross seen on...
ASHOK LEYLAND is pick of intraday as on 07/01/2022 due to Bullish technical indications. one can buy on intraday deep at morning session 1st 1 hour
at 131-132 level .. nifty likely open some gap down. recently trendline breakout seen on 15 min chart where stock bounce back from its strong support zone as well as golden crossover of 20,50,200 SMA alo seen on...
As you can see in the chart, Ashok Leyland share has made w pattern and given the strong BREAKOUT.
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So for tomorrow you can buy if it goes above 126 for the target 129-130.
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What's your view on this comment below in the box.
Ashok Leyland to invest up to USD 200 million in EVs
Hinduja group flagship firm Ashok Leyland will invest up to USD 200 million (nearly Rs 1,500 crore) in its electric vehicles journey through its UK-based arm Switch Mobility in the next few years, according to company officials.
Switch Mobility, which will play in the commercial e-mobility space globally for...
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 .
Thank You
Disclaimer: It should not be...
