ASHOKLEY swing trade planPrice has given a strong breakout from the triangle pattern with a strong marubozu candle and with huge volume, from near the support area. Price has even broken 50 ema. MACD and stochastic RSI too are giving buy signals.
ASHOKLEY trade ideas
swing trade ( ashoke leyand)breakout of moving average 1st target achieve
buy @112 , sl-111 , trg-130/135/140
#Ashokley cash : Looks good above 126.10#ASHOKLEY CASH - Positional call for 3 months
18.05.2021
Looks good above 126.10
stoploss 110
Target 158-160/190
Cmp 122.95
Ashok leyland for intraday Ashok leyland may give a breakout tommorrow .
you can buy it on a retest.
sl - 118
ASHOK LEYLAND DESCENDING TRIANGLE BREAKOUT APPROACHINGAshok Leyland has been developing this pattern for quite sometime now. Possible breakout within the next trading session.
Note:- This is for information only!
Breakout with good Volume #bullish view Only needs Nifty SupportI have shared CDSL and Likhita Infra. after breakout and they are performing very good till now.
In single day gaved 4% and 5%.
Let's see. Today got Ashok Leyland which have given breakout with good volume.
The only thing is that we need Nifty Auto support and Nifty50.
Right time to enter if anyone willing.
This post is for information purpose only.
Descending triangle pattern breakout Descending triangle pattern breakout with a strong bullish candle. Targets and SL can be found on chart.
Ashok Leyland Triangle patternAshok Ley has given breakout from triangle pattern
With SL below 111 we can target 160 in short term
ASHOK LEYLAND LONGBuy Ashok Leyland above 112.5.
Targets 120-125-134
Stoploss- Below 105 (Closing Basis)
Strong support at current levels with a positive MACD diversion. The risk reward is good and the stock is showing good volumes.
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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