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ASHOK LEYLAND LTD.ASHOK LEYLAND LTD.ASHOK LEYLAND LTD.

ASHOK LEYLAND LTD.

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ASHOKLEY trade ideas

Swing Opportunity in Ashok LeylandGo Long above 124.35 for Targets of 129.15, 133.95, 138.75, and 143.55 with SL 119.55 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level. 2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 Fibonacci level. 3. Also there is a Trendline (marked with green color) which is providing support to the stock. 4. The stock may go up to the Trendline (marked with red color) where it may face resistance.
NSE:ASHOKLEYLong
by Nimish_Ghagare
Ready to Cup & Handel Pattern Breakout On the weekly chart, the stock has witnessed a Ready to "Cup & Handel Pattern" breakout around 134 levels indicating resumption of earlier up move • The stock is well placed above its 20, 50 and 100 day SMA’s which reconfirm bullish sentiments • Rising volumes at breakout zone *Holding period is 3 to 4 weeks. signals increased participation • The stock is in up trend forming a series of higher tops and bottoms • The daily and weekly strength indicator RSI is in bullish mode which supports rising strength as well as momentum. • The above analysis indicate an upside of 151-170 levels
NSE:ASHOKLEYLong
by tusharvispute1
Chart of the week. Ashok Layland (9/10/21)Ashok Layland is about to give a cup and handle and up flag breakout on weekly charts. Since it has not given a clear breakout I would recommend to buy 50% @ CMP and remaining 50% on each dip up to 122 or once it crosses above 137 on weekly closing basis . If anyone wants to initiate short term trade, target would be 167.5 with SL of 122 Weekly closing basis. However, in my opinion, the stock is good for long term investment. An investor should hold it for longer term (1 year plus) for the targets of 250 and above . Target - 167.5 View - Medium term ( 3-6 months) SL - 120 W
NSE:ASHOKLEYLong
by AbNamjoshi