ASHOKLEY trade ideas
Watchout for trendline breakoutThe stock looks good positionally above 130 level for targets of 134, 139 and 145
ASHOKLEY BULLISH FLAGASHOKLEY BULLISH FLAG PATTERN
Buy Above - 130
TG - 170
CBSL - 105
R:R - 1 : 1.5
* IF DOWN THEN ADD MORE... *
Note : Trade with your own Risk...
Inverted HNS-ASHOKAshokleyland formed Inverted HNS or 3 bottoms & Retested.
Target-136,152,168.
SL-107
Suggestions are welcome.
Update : Long Ashok LeylandNSE:ASHOKLEY
Today, once again the stock respected the fibonacci level and closed above the level mentioned.
First target of Rs. 129 has been achieved as per closing.
Next Resistance would be Rs. 135 and then 52 Week high of around Rs. 139.
#ASHOKLEY CMP 128.40 #Target 157(20%+) #MARUTI #TATAMOTORS #ITC#ASHOKLEY
NSE: ASHOKLEY
CMP 128.40
Target 1: 139
Target 2: 157
SL 120
RR Ratio > 3
Time Frame < 45D
CAN HOLD ABOVE 157 for 170 target! Book part profits!
Factors:
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
As Above So Below"This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experience.
Chart posted to brush up some old concepts.
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
Long Ashok Leyland...Expected Value Zone ReversalAshok Leyland CMP - 112
Stop - 105 on DCB
Expectation -
1 - 138
2 - 165
3 - Review at 135
Expected Holding Period - 120 trading days or earlier
SHORTTERM BUY - ASHOKLEYRefer the chart - simple and clear.
It gives a clear breakout from the downtrend with good volumes and taken support at the respective long term support level.
Seems good to buy for the mentioned target (1and2) for short term with given stop loss.
Note: This is just my analysis and opinion. It is not a recommendation or promise.
Long Ashok LeylandTechnical Indicator used : Fibonacci Retracement.
Respecting the Retracement level. Looking positive for Target of Rs. 129 - 135 in short term.
ASHOK LEYLAND SELLRounding Top formation in Ashok Leyland. Sell below 120 for easy targets of 115. Can bounce from 120 or the trendline so wait for confirmation.
Ashok Leyland - Triangle breakout Ashok Leyland forming triangle pattern. Add it your watch list, once break out done take the trade accordingly
ASHOK LEYLAND LONGLooking at the daily charts of ASHOK LEYLAND, it can be predicted that the stock can give a 'curvy' retrace to the level of 115-116. One can look at buying opportunities at this level if there is a confirmation candle the next day after the retrace. (OPEN THE CHART FOR DETAILED VIEW).
As for the immediate trend, it looks for some days till the level of 115-116.
For buying, following are the levels;
Entry: 115-116 (After retrace)
Target 1: 122
Target 2: 127
Target 3: 132
Stop Loss: 113
TRAIL STOP LOSS
RSI is showing weakness with a downward direction face
MACD is on the verge of a bearish crossover
Thanks
FOLLOW IF YOU LIKE IT
Example of positive and negative divergence Divergence occurs when the RSI is increasing and the price movement is either flat or decreasing. Conversely, divergence occurs when the RSI is decreasing and price movement is either flat or increasing.
A bearish(Negative) divergence occurs when the price makes a higher high and RSI makes a lower high. As in the first case. we can see a significant price fall after that.
A bullish(Positive) divergence occurs when price makes lower low or maybe at the same level in some cases and RSI makes a higher low. We can see a price rise after it.
ASHOKLEY Descending Triangle breakoutASHOKLEY Descending Triangle breakout with the good volume support
Now we may see good Risk 1 Reward 2 opportunity
Long project Levels mentioned in the chart.
If retest happened we can do average near 114-116 levels.
Stop Loss 109
Target 151
Entry 125
Education purpose only
short term buying ideabuy ASHOKLEY above green line
stock is in good up trend
above 200 and 50 moving average on 1hour candles
auto sector is in focus upcoming days
ASHOK LEYLAND - Flag PatternAfter strong uptrend stock is in consolidation
Readying for one more up move soon
Keep an eye !!!
ASHOKLEYLAND Breakout confirmation in weekly chartASHOKLEYLAND
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1. Confirmation of weekly chart breakout
2. Support at 109 is strong.
WHERE TO ENTER
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I hope it will retest 119.40-118.05. This is a good entry point. I am planning to enter here. If it doesn't go there this week, then either I wont get the entry or I have to analyze this again next week.
WHERE TO EXIT
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There are multiple exit points. These are actually resistance point. The stock may find these levels as hurdles. Before crossing these levels it may create a new higher low and then cross it. Targets: 132 - 150 - 164
ASHOKLEY Long ... strictly buy ASHOKLEY long Buy above 127 Target 1 at 132.95 Target 2 at 137.5 stop loss at 122.9
