ASHOK LAYLAND 1HEINTRADAY / SWING TRADE
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ASHOK LAYLAND Looking good for Downside..
When it break level 241.36 and sustain.. it will go Downside...
SELL @ 241.36
Target
1st 238.09
2nd 234.21
FNO
ASHOK LAYLAND SEP FUT – LOT 4 (Qty-20000)
ASHOK LAYLAND SEP 250 PE – LOT 1 (Qty-5000) – PRICE (10.85)
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ASHOKLEY trade ideas
Ashok leyland long time cup & handle BullrunAshok leyland has 5 years breakout. That too is cup & handle pattern. Targets are normally double from here. That too had bullish wedge breakout too. I am long since 165 though. There is double strength in the stock. I have also demonstrated example1 on the left side. past cup & handle pattern brekout and target. Used fibo extention for above 300 targets.
Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.
DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
Multiyear Breakout Ashok LeylandNSE:ASHOKLEY
👉🏻Multiyear breakout + Multi month consolidation
👉🏻Above 190-192 we can expect strong moves
👉🏻Support near 155
👉🏻Keep it on radar above breakout level
Stock finally gives the breakout after almost 10 month consolidation. Now if next week we get confirmation this breakout then we expect strong moves in the upside direction.
Ashok Leyland - Bullish viewI have entered the marked level for swing trade.
Reasons for buying:
1. Breakout at 1 D time frame.
2. Stock is trading at all time high. These stocks generally perform good after breakout.
3. Breakout in 30 mins with volumes.
Please note that it's not a recommendation to buy. I have posted my analysis for educational purpose. Please do your own analysis before buying. I am not responsible for your profit or loss.
Elliot wave analysis of Ashok Leyland.#elliotwaveanalysis #ashokleyland #elliotwave
Based on elliot wave principle , I have done analysis of Ashok Leyland.
Current view : If Stock breaks current resistance it will go till 0.618 level of wave 5 retracement.
Alternate view : IF stock finds resistance at current level then stock may continue consolidation.
Ashok Leyland Ltd - Breakout Setup, Move is ON...#ASHOKLEY trading above Resistance of 250
Next Resistance is at 384
Support is at 167
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Ashok Leyland Ltd - Breakout Setup, Move is ON...#ASHOKLEY trading above Resistance of 191
Next Resistance is at 250
Support is at 151
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ASHOKLEY 1 YR target of 301ASHOKLEY (ASHOK LEYLAND) has completed distorted C&H pattern as well as retest the LTH made during 2018. With the depth of 134 points (167-33) the target is 167+134 = ~301.
Intermediate targets 203 (completed), 222, 250 - keep trailing stop loss as it reaches next target.
* It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade at your own risk.
Log Scale vs Linear Scale ChartsLog Scale vs Linear Scale Charts.
Log Scale - It is a type of representation where price is equally distributed in percentage.
Linear Scale - It is type of representation where price is equally distributed in terms of price points.
There will be no difference in terms of Moving averages, Fibonacci, Horizontal levels if you select any of two option.
ASHOK LEYLAND CHART ANALYSISASHOK LEYLAND CMP: 224.26; RSI: 44.52
Ashokl Leyland has entered into Wave-4 downturn and will see retracement till 201-196-183;
Fundamentally script is good and should be accumulated below 205 level. Immediate support for the script is at 217 and 206 level.
Accumulation Zone : Rs 205- 193;
Stop Loss: 183
Next possible Move I am looking an up side move to complete Wave 4 and then i am looking one more last impulse down move as wave 5 which will in turn develop in 5 wave passion on smaller degree
Noe currently the reversal has not taken in place so i would wait for proper close on daily to take the small up side trend and then turn the trade for down ward move
Good luck
ASHOKLEY chart looking bullishASHOKLEY cup and handle pattern breakout at lifetime high. Taking support at trendline price action looking bullish. Sustaining above previous lifetime high levels. Looking good for good upside. Disclaimer:- Not any recommendation and shared just as educational purpose. Consult your financial advisor. No one will be responsible for any profit or loss
Cup and handle breakout in auto sector stockAshok leyland has been consolidating in a cup and handle pattern since 2019 and is on the verge of a breakout.
A weekly closing above 170 will confirm the breakout which will the stock to 200+ levels in short time. Stock is looking bullish and can be added on dips upto 155 with a SL of 144 DCB.
Chart looks similar to Midhani which gave a sharp upmove after breakout
Note:-Idea is shared for educational purposes and should not be considered as a recommendation.
LOGICAL TRADE IDEA (BREAKOUT & RETEST)Hi mates sharing weekly chart of Ashok Leyland it is taking a same resistance 3rd time (triple weekly top) so are you not surprised if you are a active trader? So friends this is Trading view and by chance I am having many idea to trade this security in many ways but I want to share this time in only two ways for that make it simple for everyone sharing below.
Idea One- As you can see price gives breakout from parallel channel resistance of 155 levels so now we can expect that price will come down touch and bounce from it's breakout zone of 155 levels. (Breakout retesting)
Idea two- will wait for a weekly closing above all time high and can go long in this stock for considering a ATH weekly breakout.
Target and stop loss for above mentioned ideas-:
⚡⚡for idea one we can take a target of current price is 164 from breakout retesting levels of 155 in this execution we can take a stop loss of weekly 150 levels.
⚡⚡for idea two we can take a target of 230 levels which I identified from rising trendline after gets a weekly close of all time high which is near about 167 levels with taking a stop loss of 154 levels which was a channel resistance can act support now.
My words- Sorry you have to use your more Brain to understand this simple idea because the things are seems more simple that actually are more complexed then the things we think are difficult.
KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk.