ASHOK LEYLAND - LONG POSITIONPrice bounced back from confluence zone. Buy for targets 101 with stoploss 97.
ASHOKLEY trade ideas
Testing at Resistance Target – 120/135
Immediate/Major Resistance – 103
Short Term Support – 86
Long Term Support – 40
Chart Trend - Positive
Chart Pattern -
Recommendation - Buy
ASHOKLEY_21_12_2020ASHOKLEY
BUY ABOVE 100
STOPLOSS 80
#technicalAnlaysisbyRK #technicalanalyst #technicalanalysis #nifty50 #investing #investmentadvisor #shortterminvestment #intraday #investmentguru #billionaire #millionaire #longterminvestment #Investments
ASHOKLEYLAND BUY SIGNAL (EDUCATIONAL)If the channel and trend line is respected then,
T1 - 110
T2 - 130+
T3 - 165+
Additional factors that will support this growth -
x Improving fundamentals & balance sheet via cost reduction measures (Near term. Positive impact).
x Strong recovery to almost pre-covid levels. Further growth in CV can be fueled by rise of Ecommerce demand and Make in India. Both of these are fundamental and permanent shifts (Mid term. Major positive impact)
x EV stake sale (small) for $ 300 Million (Near term. Positive impact)
x Government scrappage policy (Mid term. Major positive impact)
x Defense play (Mid term - Long term. Major positive impact)
Please share your views in comments.
ASHOKLEY - VIEW - CONTINUATION breaking neck line
of ascending triangle
opening room for script
to touch 105 +
disclaimer - for study purpose only
BELOW ATTACHED OLD IDEA POST FOR REFERENCE
Swing Trade Idea #212 : Long on ASHOKLEYThis is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
What a lovely chart on Ashok LeylandAshok Leyland has the best chart I have seen today.
Here are some of the pointers from the chart:
Look at the trend-line. This is a very important trendline.
S1 and S2 provided good support to the stock previously.
4th January 2019 was when the trend-line was decisively broken and there was a down fall.
R1 and R2 offered great resistances. This is in line with the theoretical definition of a support trend-line, ie, "A previous support trend-line then acts like a resistance".
Previous session saw fantastic volumes on the chart and a confirmation upward move in today's session could be an entry point for the chart.
Please like and follow.
NSE:ASHOKLEY
ASHOK LEYLAND The Price is approaching an important S/R Level.
Look good above 100, only if Breakout Happens.
ASHOKLEYVery tight consolidation is going in weekly chart. Breakout above 97 may give good returns in short time.
SL can be kept at 91
#ashokley Long againWe have achieved all the targets for the previous ashokley idea, now again seems bullish for 97 and 100 as well.
See my other ideas for such simple analysis and highly accurate predictions.
Regards
ASHOKLEYLANDSetup Similar to Tata motors, both approaching important levels.
Here I'll be waiting for the price to move slightly high, completing the rising wedge structure, adding more confluence to the setup.
SHORT TERM IDEA - ASHOKLEYLAND (RESISTANCE ACTING AS SUPPORT)Price Broke out of the resistance/supply zone and gave a pullback, the price has taken support at the confluence of the previous resistance zone (which is now acting as support/demand zone) and 20 day EMA, above 93.20 can go upto 98-100 and above that can go upto 110, SL below 86 on daily closing basis, Also keep an eye on the sales numbers to be declared for november.
Disclaimer : For learning purpose only.
ASHOK LEYLAND - BUYAs soon as this crosses 100, it will break multiple resistance, GO For It, RSI has started moving up
Ashokley has formed A channel, clearly buy at lower bandAshokLey: Buy at CMP with sl DCB 72. Targets 80/85 plus
