ashok leyland bullish pennant flag pattern on weekly 6% SALE IS DROPED ON FEB SALE COMPARETIVLY A YEAR AGO lang term Invester may accumulate at present to utilize 6% down opportunity. short term trader may take position if the stock crosses the trend line. NEWS: COMPANY'S SHAREHOLDING IN TVS TRUCKS IS 49.9% AS ON 23 FEB 2024 this analysis is for learning purpose...
Please do your own analysis. Not a recommendation Reason for long: 1. Price now at resistance turned support level. 2. Price is accumulating orders 3. Fib support of 38% Potential of high up moves.
In the Weekly Chart of ASHOKLEY , we can see that; After Cup & Handle breakout, it has formed a Decision making candle on Trendline. It's a third inside candle. Enter on breaking its High with low as SL.
Ashok Leyland - Price is moving in the channel from months. Base formed from 2 weeks. More Dojis, pressure from sellers and buyers. Both ways possible, so keep strict SL 164. I am long on this, entered at 170 for target above 190.
170-175 is entry level,7 years breakout after retractement now 173 rs , Target is 299 rs this stock , stoploss is below blueline
Stock is consolidating in a Flag-Pole formations. Showing increased Price Volume action. a break and daily close above 177 can take it to 195-205-315 targets
dear all buy ashok leyland 171 stoploss 164 target 350 in two years
Can enter here. SL 125 Target: will update according to trend. Note: Trade at your own risk.
After 165 resistance level breakout price respect this resistance as a support. And now price is in range between 165.35 - 190.15 If price break 190.10 level with a good volume then we can see a good bullish move.
In the Weekly Chart of ASHOKLEY , we can see that; After Cup & Handle breakout, it has formed a Decision making candle on Trendline. Enter on breaking its High with low as SL.
Entering into new trade Ashok Leyland , Retest complete
Fundamentally good stock . . wait for retracement & go for entry . . entry: 171 target: 174 / 179 /196 / 205 sl: 165 . . refer old ideas. updates will be done for everyday. stay for update
Ashok Leyland, based on the analysis using the Stock Navigator by FnOGyan Indicator, presents a compelling long signal on the daily time frame. The indicator suggests a positive outlook, supported by strong volume building up. The stock has demonstrated resilience by repeatedly finding support near the trendline support area, indicating a robust underlying...
ashok layland stock can be good for short term .and stock price to earning ratio 24 which is equal to may 2020,and 3years pe 55 and sector pe 24.39 ,where can be reach soon.20 years cagr near 20% also.so this stock support @165 and target 186.
A few weeks have shown a cup and handle pattern then 1st handle target was achieved but the cup target has not been achieved recently flag pattern showed the cup & handle pattern with a flag pattern target will be achieved few weeks
Strict SL 174 tactical fall - 1 pc from here
In daily time frame it's follow side base trend . Due to quarterly report revenue was down by 2.91%(-2.905B). For long term view it's a bullish . But here support was 165.35 and resistance 190. If it break 190 resistance with great volume and take a retrace at this level then you can make position for long term .
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...