ASHOKLEY trade ideas
LONG on ASHOK LEYLANDWe can go long on Ashok Leyland if there is a bounce back and it respects the trendline. We might also see 150 levels soon! Fingers-crossed.
Ashok Leyland in somewhat Descending Triangle Chart PatternIt tried breaking out from the descending triangle but it seems like it failed or came back to retest, we need to observe closely, where it wants to go in the future.
KEY TAKEAWAYS
A descending triangle is a signal for traders to take a short position to accelerate a breakdown.
A descending triangle is detectable by drawing trend lines for the highs and lows on a chart.
A descending triangle is the counterpart of an ascending triangle, which is another trend line-based chart pattern used by technical analysts.
For Educational Purpose Only.
Rising channel; Resistance and SupportTrading can be done with scalping strategy between the top and bottom of the rising channel.
Head and ShoulderHead and Shoulder forms in an uptrend. It is a reversal pattern. chart is self-explanatory
Price Action Pattern - ASHOKLEY💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis and potential movers on your watchlist :) 💲💲
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ASHOK LEYLAND 🚚🚚Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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Ashok Leyland BullishSupport and resistance zone mark.
after consolidation break occur above 132 than 135-138 can be seen
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ASHOK Leylandshort term trade
tgt 1 ---- 151
tgt 2 ---- 159
sl 120
risk 11 points
reward 20 -28 points
Ashok Leyland :: Cup and handle PatternNote: This analysis is for educational purpose.
A cup and handle pattern is formed in Ashok Leyland and moving above all moving averages.
