ASHOKLEY trade ideas
ASHOK LEYLANDASHOK LEYLAND IN TIGHT RANGE BUT STAYING ABOVE 50 MA...EXPECTING HIGH PRICES IN COMING DAYS IF SUSTAINS THIS AREA
ashok leyland long after breakoutcan look to go long after breakout i.e 78. should wait for confirmation with a long term target of 85 and 90
Looks good for 110/132 in 3 to 6 months:Looks good for 110/132 in 3 to 6 months:
Looking at how price is behaving it can touch 110 130 in few months. Good entry was around or above 58 but NOW ONE CAN enter above 86 on daily closing with confirmation. SL would be 76.
Only After Flag Pattern Breakout Go Long Above 77Seen flag formation in Ashok Leyland. Go long if breakout for immediate target of 80 and short term target is 86.50+ according to flag pattern. Currently, It's trading in the oversold zone and stochastic RSI shows bullish crossover.
Trade:
Buy Ashok Layland @77
SL 76
Target 80.50 83 86.50+
Watch for these levels for more upmoveThe stock has been performing well for last couple of months. Look out for resiatance breakout above 77 and Trendline BO above 80.1
Ashokleyland hold tight hold for long term, as automobile industry shares are available at lower price now. try to grab at dips.
fresh buy at 69, 70, 71 levels.
Disclaimer note: ONly for study purpose, invest at your own risk.
ASHOKLEY short I hope you can now see how Ashokley represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
ASHOKLEY : Trade SetupNSE:ASHOKLEY
Hi Traders,
ASHOKLEY bounced back from its support zone as well as break its resistance zone easily. If it break last trading day high then it can hit 82 level. If it break 84 level then remaining target can be hit.
Entry and target level on chart.
**********************************************************************************************************************************
If it is helpful for you, please show your support and hit the LIKE button.
Provide some feedback below in the comment!
This would give us encouragement to keep sharing our ideas here on this platform.
###Learn To Earn###
* This analysis is educational/learning purpose only.
* Trade at your own risk.
Trade well,
**********************************************************************************************************************************
ASHOKLEY NEAR WEEKLY RESISTANCEstock price reached it's weekly resistance zone and last week rejected from that zone showing some weakness, bullish view only above that resistance zone so keep this stock on your radar and find best trade for your self.
ASHOK LEYLAND CHART ANALYSISTHIS CHART GIVES YOU KNOWLEDGE ABOUT ASHOK LEYLAND CHART ANALYSIS WITH SUPPORT AND RESISTANCE
ASHOKLEY - WEEKLY CHART VIEW!!#ASHOKLEY
Ashok Leyland Ltd. has strong support at 66-67.
RSI has just dipped below 50.
If 66 is protected, stock can bounce from here, however if stock sustains below 65, it can fall towards 52,(61.8% pull back of bull run from march's low)
ASHOKLEYLAND ON UPSIDE RANGE FOR SHORT TERMAshokleyland has made a crossover its Resistance Zone and moving forward.
Ashokleyland--Short Term Long View
expecting continuos bull range
after Retracement @65 THEN RISE
Key Support or Stops @65 levels
Upside 80-85 Range expect
10-15 Trading Days Time Frame
{VIEWS ARE ONLY FOR EDUCATION PURPOSE.}
ASHOKLEY short I hope you can now see how Ashokley represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Ashokley Intra day opportunityA very good intrady opportunity is seen in Ashokley.
Although it is near a major resistance level, I think it can move till 84-86 levels before making a pullback rally.
As mentioned in the chart stock is oversold in the 15 min time frame and it is taking very good support of the 50 days EMA historically.
So I am bullish on the Ashokley for monday. But as I mentioned this is near a very major supply and demand zone. So be cautious.
