ASHOKLEY trade ideas
ASHOK LEYLAND - Invt H & S formation Breakout from Flag - Riding the Parallel Channel and in the formation of Inverted Head and Shoulder.
Anticipating a MACD crossover
Bulls at work!The stock has given resistance breakout and zone breakout.
Can be bought at current levels of 122 for a possible target of 126/133.
Note: Educational purpose
trendline breakout in auto stockauto sector looks good and today AL gave really good breakout on daily time frame
looks good for long position
Ashok Leyland Possible Range Breakout+Ascending Triangle spottedStock is in Overall Uptrend in all major Time Frame.
** Currently Stock is in Box range for almost 2 Months.
Ascending Triangle also spotted in Range which is kind of bullish confirmation but on the safer side we have to trade after the range Breakout.
Previously price tried to break range but miserably failed and next day price came back down .
Our entry will be initiated once it break ascending triangle but we have to wait till the Range break.
Our Nearest targets will be 134 around.
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Buy Ashok Leyland by ADITYA SHARMAI m NOT RESPONSIBLE FOR YOUR LOSS !!!
TARGET 1 : 125
TIME PERIOD :2-3 DAYS
ASHOK LEYLAND under UncertaintyThe technical indicators are at a neutral level. The descending triangular pattern generally takes the trend downside. However, the highly decreased volume of sellers shows the possibility of reflecting back. Thus, it will be too early to make any decision, at this time.
Ashokleyland - Long above 85+Ashok leyland multiple times touched 85 level and returned.. now it's time to break or make level.. keep watch.
FORMATION OF DESCENDING TRIANGLE PATTERNThere is the formation of descending triangle chart formation in ASHOKLEY if it gives breakout on the upper side and shows a good time consolidation or retest then may go for entry with good target stop loss at swing support horizontal line don't forget to trail your stop loss
ASHOKLEY - Weekly Bullish Flag BreakoutHi Folks,
Ashokley is going for a breakout after a long consolidation in a flag formation near previous resistance turned support zone. More in charts.
ASHOK LEYLAND ( LONG ) FOR EDUCATION PURPOSE ONLY GUYSThe chart is self explanatory, look for the support, just below that you might keep your stop loss.
Reversing from MAUptrend stock going to break the dynamic resistance after hitting 30MA.more chances for the upside.
Buying in this price or averaging lower also works. SL ie mentioned on chart
Long or ShortUpcoming Result will Decide but due pandemic Bull run will be affected. Short term bull run may be possible if results are good.
Ashok Leyland forming a pole and flag pattern in daily TFMay enter after breakout
Targets are mentioned in the chart
