Ashok Leyland another Multibagger is BornAshok Leyland Monthly Chart shows breakout from the down trend & Cup Pattern Formation.
Targets coming as 4x in coming- Years
LTP - 164
Targets - 650+
Timeframe - 3-5 Years
ASHOKLEY trade ideas
Log Scale vs Linear Scale ChartsLog Scale vs Linear Scale Charts.
Log Scale - It is a type of representation where price is equally distributed in percentage.
Linear Scale - It is type of representation where price is equally distributed in terms of price points.
There will be no difference in terms of Moving averages, Fibonacci, Horizontal levels if you select any of two option.
ASHOK LEYLAND CHART ANALYSISASHOK LEYLAND CMP: 224.26; RSI: 44.52
Ashokl Leyland has entered into Wave-4 downturn and will see retracement till 201-196-183;
Fundamentally script is good and should be accumulated below 205 level. Immediate support for the script is at 217 and 206 level.
Accumulation Zone : Rs 205- 193;
Stop Loss: 183
Next possible Move I am looking an up side move to complete Wave 4 and then i am looking one more last impulse down move as wave 5 which will in turn develop in 5 wave passion on smaller degree
Noe currently the reversal has not taken in place so i would wait for proper close on daily to take the small up side trend and then turn the trade for down ward move
Good luck
ASHOKLEYLAND - Example of history repeats!Overview & Observation:
1. Beautiful clean breakouts.
2. Broke multiyear resistance level.
3. Earnings are strong.
4. Expecting a minor consolidation and further upmove
Trade Plan:
1. Keep it on radar, and track it closely.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
ASHOKLEY chart looking bullishASHOKLEY cup and handle pattern breakout at lifetime high. Taking support at trendline price action looking bullish. Sustaining above previous lifetime high levels. Looking good for good upside. Disclaimer:- Not any recommendation and shared just as educational purpose. Consult your financial advisor. No one will be responsible for any profit or loss
Ashoka LaylandBreakout on the chart, but need to close above on daily candle above 191.6,
Target and SL are on screen, I entered at CMP for the short term but daily closing is a better entry suggested.
Dis: I am not SEBI registered, Consult your financial advisor before taking a position.
ASHOKLEY STOCKNSE:ASHOKLEY stock is break the symmetrical triangle pattern.
Buy entry is break and sustain above the 195 level (OR) after the retracement level of 185 range.
Target 1 is 205.
Target 2 is 220 to 227.
stop loss break and close below the pattern.
Cup and handle breakout in auto sector stockAshok leyland has been consolidating in a cup and handle pattern since 2019 and is on the verge of a breakout.
A weekly closing above 170 will confirm the breakout which will the stock to 200+ levels in short time. Stock is looking bullish and can be added on dips upto 155 with a SL of 144 DCB.
Chart looks similar to Midhani which gave a sharp upmove after breakout
Note:-Idea is shared for educational purposes and should not be considered as a recommendation.
LOGICAL TRADE IDEA (BREAKOUT & RETEST)Hi mates sharing weekly chart of Ashok Leyland it is taking a same resistance 3rd time (triple weekly top) so are you not surprised if you are a active trader? So friends this is Trading view and by chance I am having many idea to trade this security in many ways but I want to share this time in only two ways for that make it simple for everyone sharing below.
Idea One- As you can see price gives breakout from parallel channel resistance of 155 levels so now we can expect that price will come down touch and bounce from it's breakout zone of 155 levels. (Breakout retesting)
Idea two- will wait for a weekly closing above all time high and can go long in this stock for considering a ATH weekly breakout.
Target and stop loss for above mentioned ideas-:
⚡⚡for idea one we can take a target of current price is 164 from breakout retesting levels of 155 in this execution we can take a stop loss of weekly 150 levels.
⚡⚡for idea two we can take a target of 230 levels which I identified from rising trendline after gets a weekly close of all time high which is near about 167 levels with taking a stop loss of 154 levels which was a channel resistance can act support now.
My words- Sorry you have to use your more Brain to understand this simple idea because the things are seems more simple that actually are more complexed then the things we think are difficult.
KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk.
#AshokLeyland - BreakoutNSE:ASHOKLEY
AshokLeyland moving above the channel on the weekly chart.
Current price 226
Can expect 260-270.
SL: 206 DCB.
ASHOKLEY - Ichimoku Breakout📈 Stock Name - Ashok Leyland Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 227.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
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#StockAnalysis #MarketWatch #TradingEducation #ichimoku #midcap #smallcap #ASHOKLEY
Will Ashok Leyland continue to make All Time High?The stock in question has reached an all-time high of $219.45, marking a significant milestone in its performance. This impressive peak represents a substantial return of approximately 551.19% for its investors, underscoring the stock's robust growth trajectory. Given the current market indicators, there is a strong belief that the stock will continue to trend upwards.
One key technical indicator supporting this optimistic outlook is the Relative Strength Index (RSI), which is currently at 67.44. The RSI is a momentum oscillator that measures the speed and change of price movements. An RSI reading above 70 typically indicates that a stock is overbought, while a reading below 30 suggests it is oversold. An RSI of 67.44 suggests that the stock is nearing overbought territory but still has potential for upward movement before hitting the threshold. This indicates that investor sentiment remains positive and that there is still room for the stock to make new highs.
However, it is crucial for investors to approach this information with a degree of caution. While the current performance and technical indicators are promising, stock markets are inherently volatile and influenced by a myriad of factors, including economic conditions, market sentiment, and company-specific news.
Disclaimer
The information provided here is for informational purposes only and should not be construed as financial advice. Investing in stocks involves risks, including the potential loss of principal. Past performance is not indicative of future results. Always conduct thorough research and consult with a qualified financial advisor before making any investment decisions.
Ashok Leyland possible 10% upsideAshok Leyland has formed inverted head & shoulder pattern. 10% upside is possible if breaks above trendline.
A Breakout on Monthly charts in Ashok LeylandAshok Leyland has given a confirmed Breakout on Monthly charts. The stock has broken the highs of 2018 in 2023 but was consolidating in a range since then. Finally the stock has given a confirmed breakout now. One can buy a tracking quantity and buy the balance if the stock holds the Breakout at the end of the month.
Golden Crossover - AHOKLEY📊 Script: AHOKLEY
📊 Sector: Automobile
📊 Industry: Automobiles - LCVs / HCVs
Key highlights: 💡⚡
📈 Golden Crossovers are seen into the Script.
📈 Golden Crossover is where slow moving average line crosses fast moving average above.
📈 Although Script is trading at All Time High we may see some bullish rally.
⏱️ C.M.P 📑💰- 201
🟢 Target 🎯🏆 - 239/250
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Ashok Leyland1. Flag pattern breakout seen on Ashok Leyland Daily TF chart.
2. Cup handle breakout.
3. ATH
4. Stock breakout ATH and retest.
5. Consolidation and breakout.
Short Fall Range bound highAshok Layland is in a range and now the stock is on the range high so a shortfall can come
Please Follow for more.
ASHOK LEYLAND (Intraday)As we can see a Bullish Penant is formed continuation of bullish trend will supposedly take place. A long entry can be formed above the the starting of a Penant with a minimal Stop loss. 4% can be expected on an Intraday trade.
Xoxo
ATH BREAKOUTAshok leyland has given good breakout with volume seems good for upmove
only for educational purpose
not for sugesstion
Ashok Layland Stock analysis on 22 Feb 24Ashok Layland Stock analysis on 22 Feb 24
Fundamentally strong stock
Breakout support stock near 163
Stoploss 155 (on closing basis)
target 190 (52 week high) (if sustain above 190)
210 - 225 - 235
