ASHOKLEY with Doji day pattern & 1Hr swing low supportsDay pattern is doji with trending monthly cpr & supports in 1hour candle with rsi lower lows strength increasing.
1:3 RR
Go always with self-evaluation & Measure the Risk .Avoid FOMO
ASHOKLEY trade ideas
Ashok LeylandOn 18 May Closed above the resistence zone. Now we can see a big move post the Earnings Result.
Buy at 124
SL 108
Target 140+
Ashok Leyland 1DAshok Leyland gave a good breakout after the company announces it investment plan in electric vehicles. Add it to your watchlist and wait for retest to get an entry opportunity.
Ashok leyland breakout on daily chart.Ashok leyland stock consolidated last four months.
Now breakout on daily chart with high volume.
Stock moves to all time high.
Given weekly Trendline breakoutThe stock has broken the weekly trendline and a closing above 139 (140 safer) can take it to 152 levels.
Triangle patternFormation of triangle pattern in Ashok Leyland
As the previous trend is bullish i am not interested if it breaks the lower trendline
If the stock breaks the upper trendline i am going long
THANK YOU 😊
Come on bears! The opportunity camePrice has Broken important Resistance.
You can see the volume in the chart and see how fast the price goes upward,
113.90 : At this point the price may reverse because This cost is an important retracement which is 61.8%.
This line will try again as support when the price retreats.
ASHOK LEYLAND is inviting buyersA good symmetrical pattern formation on weekly TF after the formation of rounding base is indicating the bullish rally in coming days.
However, overhead supply can create hurdle.
Keep an eye on it!
Keep learning! Keep earning!
Ashok Leyland buyAshok Leyland after giving super quarterly result consolidating in small range ..buy @ cmp for small move ..sl 122 below closing basis..target 130/132.5 ...real breakout above 132.5 ....target 139..above 139 khula ashaman..150-170 .....small brother of itc ...so keep patience while investing in Ashok Leyland
Ashokley intraday trade idea for 15th July#ashokley entry and exit levels on the chart (refer black/blue lines). Place SL@1% of the entry price. Zones (in pink/orange) are the places where it's unsafe to enter.
ASHOKLEY AnalysisLooks like triangle breakout within rising channel in already existing rounding rounding bottom formation.
If this rising channel midline cross will happen by script then we can see price rise till 135 with SL below 122.
This kind of trade is very short in nature like same day in out . take 2%-5% of gain and move as still consolidation is happening in bigger time frame so near resistance selling pressure would be there.
Rounding up for Strong Rally.The stock has been trying to round off the bottom even before the corona crash, after the crash the stock slipped below the pattern, recovered and has been taking support from its long term rounding trend.
The stock looks very good for short term investment.
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Flag pole breakout it's time to buy↗️Dear traders,
There is flag pole breakout pattern.
Set take profit -- Tgt 1 (129.55)
Tgt 2(132.35)
Stop loss-- 121.95(because if it gives breakdown at this price then the chart can also follow the decending triangle pattern and we can also play a sell move on this pattern)
Can expect a good rally in coming daysAfter a strong move the stock is trading inside a convergence triangle can expect a good rally in coming days
Ashok Leyland BullishFollow my lines to trade, hope it will make some money. If 5M candle brakes trend line, skip trade.
Ashok Leyland: How Technicals helped us capture 11.3% movementAshok Leyland
This is what was posted on June 21, 2021
At 115.90 the stock was near the blue line which had acted as resistance previously... In Technical Analysis theory, there is a higher probability of previous resistance acting as support and vice versa. Based on this simple rule the trade was initiated.
Today Result NEWS has come out and stock opens with a big gap up and zooms further high in morning trade itself
Decide for yourself whether you want still want to listen to NEWS to make your trading decisions or listen to Charts directly and be a STEP AHEAD
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