ASHOKLEY trade ideas
Ashok Leyland - Longgoing long on Ashokley with 155 targets as TRGT 1. (this is for educational purpose only)
ASHOK LEYLAND Above 134chart cosolidated for more than 1 month after hitting 52 week high of 138, let it cross 134 with volume to initiate fresh entry .
ASHOKLEYNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Ashok Leyland flag patternRecently Ashok Leyland breakout flag pattern, the next close target will be 137
ashokleyland ready to bullish againreasons to buy ashok leyland
1.its trending in a channel
2. now support at channel line
3 .made morning star at support
like share comment and subscribe
ASHOKLEY chart analysis for 1st Mar 2021 [READ THE DESCRIPTION]ASHOKLEY chart analysis for 1st Mar 2021
READ THIS: NONE of the analysis has failed so far. I am posting 10 a day. You can check the history.
1. Check the levels and analysis.
2. If you are new, trade in low quantity or trade with virtual currency: https://trading (DOT) kaivalya (DOT) digital/papertrading.
3. If (or when) the stock moves 50% in our direction, start booking partial profits. This is very important as the stocks, a lot of times, show a reversal.
3. After the day ends, come back and play back the candlesticks , if you haven't traded. Check if the levels hold.
4. Hit that like button and comment if you find the analysis is holding.
Falling Wedge Breakout and Retest !!All levels are mentioned on the Charts.
Recent Bounce at 200 D EMA.
Educational Purpose only. Trade at your own risk.
Ashokley - Fibo + Demand zone + Multi-time frame In 1 day stock is nearby its lower trendline, Currently closed 20Daily and 50Daily EMA as shown on 1st chart. Also standing on Demand zone.
In 2Hrs timeframe it has completed 38.20% retracement and also nearby 100 ema.
The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Ashokley So On Daily when it's close to it's all time high level, It's showing some weakness. If the Treandline is broken then we might see 110 levels. If has to break 140 on the upside to resume it's journy.
Unfortunatally, EW studied on 2000 to 2021 for Elliottician!The price is progressing into Wave 3 upside.
If you are a newbie for technical analysis, this research is not a post for you. especially for those who want to trade, I will create a complete report with trading level by using a lower Timeframe shortly.
Weekly/2000-8 - EW cycle completed.
W4 divides the entire price range about 50%
Let's focus 3 waves:
2000-8 - 3 wave(4W = .5 of W3) & W5 higher degree.
W2 = 0.786 of 1W
W4 = 0.5 of 3W
W5 = Extended 2.618 (1)-->(3) & higher degree
ABC correct is NOT overlapped W3
Weekly-2009/13 - EW cycle completed.
2009-13 - (all waves are about equally)
W2 = 0.382 of 1W
W4 = 0.382 of 3W
We are not going to work on this 3rd wave of 2009-13 data
Weekly-2009/13 - EW cycle completed.
Fib. divider for W4 at.618 Golden section and 3rd wave are extended.
Let's focus on Wave 3:
W i = ladder style 5 waves
W iii = extended
W v = .618 of i --> iii
W ii = 0.382 of i W
W iv = 0.226 of iii W
Triangle break in Ashok leyland in downward direction Triangle break in Ashok leyland in downward direction , I think if friday low broken we may see level of 112
Ashok Leyland great opportunity coming!Stock buy @118-119 this have high tendency to go up as like Tata motors in long term a it is also one of which manufacturers electric car!!
ASCENDING CHANNEL (ASHOKLEY)There's a rejection at support level ,but the nifty is falling so better to wait for the proper confirmation.
