Pullback and Continuation in ASHOKLEYAshok Leyland gave a Trend line breakout. Now the trend line has been retested and seems to be pullback and continuation. Go long above day high.
ASHOKLEY trade ideas
ASHOKLEY: Target 154ASHOKLEY has taken support at 132 level which was the previous major resistance and also 50% retracement of the recent upmove. On 1-hr chart, there is a clear double bottom formation. I would enter a buy trade with SL below 130 on 1-hr chart and a target of 154.
SHORT ASHOKLEY !NSE:ASHOKLEY
Observing Divergence on ASHOKLEY. One can initiate a short Trade once the price moves below the white trend line.
StopLoss - Recent Swing high
Target - Swing low of first wave.
Ashok leyland move to touch weekly supply zoneshare break daily supply zone and move to touch weekly supply zone.
if it break 1 hrs 200EMA then exit. otherwise enjoy the rally.
it will up 21%
ASHOK LEYLAND near BreakoutBest Buy After Breaking above Resistance or at Retesting - 130-132
Target1 : 138
Target 2: 150
Note: This analysis is only for educational purpose.
Ashok Leyland buy for 129.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 the group through next-generation electric bus and light commercial vehicles, will launch an electric light commercial vehicle (eLCV) later this year in India.
Ashok Leyland is banking on Switch Mobility to play a crucial role to achieve its ambition of being in the top ten players globally in the commercial vehicles segment through the latter's electric commercial vehicles, which would allow it to serve markets developed like the US, Europe and Japan.
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.
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Ashok Leyland - Looking Good for Swing TradingAfter the retrace this stock can show an up-move for swing trading.
ASHOKLEY
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ASHOKLEYL: Flag pole breakout possiblity , ready to buyDear traders,
if monday candle gives a brekout then play for a buy move.
>previous day candle's low is stop loss.
>Next resistance is TP.
>IF RESISTANCE ZONE is also breached then use trailing stop loss.
FLAG POLE PATTERN
ASHOK LEYLANDNothing guaranteed
Nothing over week
Invest or trade according to your loss bearing capacity
LONG TERM PICK ( Educational Purpose only)
Buy ASHOK LEYLAND @ 135 with target of 140.
CMP IS 132.80
Stop loss is your loss bearing capacity. It has big support at 120.
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Pole and Flag on Ashok LeylandA good breakout was seen on ASHOKLEY on Friday.
If the bull Run continues then a target of 151 can be achieved.
It is currently in the 133-134 zone of resistance so it might retest before going up.
ASHOK LEYLAND LTD.DATE - July 30, 2021.
ASHOK LEYLAND LTD.
1.Gives an Intraday breakout of previous high.
2.SUPERTREND just gives a BUY signal.
3.High traded(8,61,41,236) & delivered Qty. (2,47,44,035) (28.7%) VWAP - 133.86
#technical_analysis #chart_view #education
symmetrical triangle breakoutShould you enter Ashok Leyland at CMP ?
CMP - 132.8
TARGET - 158-160
STOP LOSS - 116-120
Ashok LeylandThe stock has beautiful set up for both long and short trade. The chart clearly indicate that stock trying hard to give break multiyear resistance.
In day time frame it look like breakout but if you analyse in multiple time frame of 2hrs and 15min, the stock rejected at level of Rs.138 i.e. resistance level.
There is spark in volume and RSI in positive but it may be a trap, next few session will provide a clear picture of stock direction.
Keep a close watch, trade after analysis in multiple time frame as stock is candidate of both long (Target Rs.152) and short trade (Target Rs.120).
!!Learn and trade!!
ASHOKLEY ( range breakout )NSE:ASHOKLEY
let see the price action = range going to break out ... let wait and see....
it is my own analysis .
Let tell you opinion about this stock IN COMMENT.
CMP=132.80
1 TARGET= 150
2 TARGET= 165
Ashok Leyland is ready to give breakoutAshok Leyland is ready to give breakout
keep in radar and go for it, if it breaks 140 level with good volume
ASHOKLEY #ASHOKLEY (D):- 132.8 CMP, Looks good for more upsides :)
1) Breakout Done :)
2) Volume Breakout
