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.
ASHOKLEY trade ideas
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
#Ashokley HNS patternSustaining below 88 will push towards 84.5. Sustaining above 90 will push towards 92/94.5/97.
Regards
Ashok Leyland - resistance levelsHave formed bearish engulfing pattern and didn't break resistance. Can fall to -20%. If incase market rallies and it breaks resistance level can touch 120 also.
Learning Idea #Prem5 - EDUCATIONAL 8 ChartsTHIS IS NOT A TRADING IDEA
USE ONLY FOR EDUCATION
I MAY OR MAY NOT BE TRADING IT
ASHOKLEY - Shooting star suggests selling pressure but overall chart patter is good and as long as the lower trend line is not broken stay long put an alert below Nov 20 low
SRTRANS - TFD BO given at 796 on ascending triangle and now sitting in positive channel check levels on chart
ANDHRAPAPER - TFD - Positive BO on descending triangle - TFH - rounding bottom stay long
LTFH - TFD gave a breakout on 71.9 but is forming a Rising Wedge and may fall down 2 days closed below the Breakout and if it goes below the trendline then short below 70
PAPERPROD - TFD - Two breakouts stay long T1 339
BHARTI AIRTEL - TFD forming a RISING WEDGE and may break down however it has been down for a long time and close above the bottom trendline can show positve sign, may short below 463
KALPATARUPOWER - TFD forming a steep rising wedge - may fall, SHORT T1 298 T2 284
TATA STEEL - TFD details on chart too much volume, seems like the right place to short. stay cautious. it may stick to the upper trendline and further rise details on chart, not a convincing setup.
Learning Idea #Prem3 - Shooting star on TFDI AM A LEARNER SO USE THIS ONLY AS EDUCATION
DO NOT TRADE
I MAY OR MAY NOT BE TRADING THIS
There is a SHOOTING STAR on the TFD but the overall pattern looks good, if the chart stays within trend lines one can stay invested if it falls below the trend line then look for levels not on chart.
Seems to be making HnS pattern!Seems to be making HnS pattern.
If fails, might give long opportunity and if completes the pattern, might give short opportunity.
Worth watching!
115 soon on chart ? comment below your view traders 🎇🎇🎇retracement 0.5 tested, cross above that can see 115 on chart
oscillators support possible for rally
overall market support possible for rally
entry on close above 97.5 with stop as comfort for target 115 +
disclaimer - for study purpose only.
#ashokley Pole, pennant and a cricket matchA guy named Ashok climbed 9.7 meters on a poll to watch a cricket match, he adjusted up and down for 3.3 meters, but he was still unable to watch the match. Now, there is a possibility that he may attempt to climb higher for a better view. How many meters he needs to climb for a better view?
This is a kind of questions asked in my school days, and yes, I managed to solve such questions. Funny? No? Okay!
Coming to the analysis, if the scrip sustains above 92, it might move towards 94, 95.5, 97 levels.
Regards
Ashok Leyland - Looks poised for a 40-70% moveAbove 95 WCB, looks good for 130 and 165. Currently momentum is strong and need to cross 95 (weekly 200MA hurdle) for the next leg of upmove
Time frame : 6 to 12 months
