ASHOK LEYLAND LTD

BSE:​ASHOKLEY

Mentioned on chart.

1. Trading above the moving average . 2. Break through of inside structure . TP-107 SL -103.5

trading range buying pressure

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rounded top

trend reversal

imp support broken ,10% downside

It is been observed on the weekly chart that the price action reversing at 91 levels where seller came into the market and took control over the price action. Now, it is been observed that this week price action shall break below current support levels of 75 and shall move down to previous support levels at 68.50 - 65.50. Target1: 72.50 Target2: 68.50 Stoploss: ...

EMA positive crossover, heiken ashi with lower top wicks, breakout from down trend line with gap up.

It is been observed that the price action breaks out from a previously trending Pitchfork channel on daily chart. It is indicating a bullishness in further price action and shall move higher levels if it manages to close above 82 price levels. It can also be called as a short term trend change. Target: 86 Stoploss: 82

Dips to demand zone

As shown in the chart, the pitchfork pattern indicating that the price action is trending downward.

The price action in the strong consolidated triangle breaks upside today that indicates bullishness. Target:91 Stoploss: 86.50

It is been trending down for a while and for past few days the price action is been trading within a symmetrical triangle as marked in the chart. Looking forward a strong breakout on either side.