Multiyear Breakout In Ashok LeylandMultiyear Breakout
Buy At Cmp 164.25
SL - 133 ( Monthly Closing Basis )
Target - 300
ASHOKLEY trade ideas
ashok leyland bullish pennant flagashok 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 only.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
ASHOKLEY-LONG setupPlease 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.
ASHOKLEY - Weekly AnalysisIn 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.
Pressure from both sidesAshok 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.
Ashok Leyland 170-175 is entry level,7 years breakout after retractement now 173 rs , Target is 299 rs this stock , stoploss is below blueline
Ashok Leyland possible long tradeStock 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
Ashok Leyland Weekly AnalysisAfter 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.
ASHOKLEY - Weekly AnalysisIn 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.
Ashok Leyland: Bullish Momentum SignalsAshok 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 trend.
Chart patterns, such as the rectangle or flag pole, further contribute to the bullish sentiment. The formation of these patterns often implies a potential continuation of the current uptrend.
Investors are advised to keep a close eye on the stock as it approaches the all-time high resistance level. Sustaining above this resistance could trigger a more significant rally, offering potential opportunities for traders. However, it's essential to monitor the market closely and consider other factors before making any investment decisions.
ashok layland @10% discount 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.
ASHOK LAYLAND Side base to Bullish SignalIn 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 .
Ashok Leyland ready to go below 170 now at 179On 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 trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Ashok Leyland Cmp 174.25 Trendline SupportAshok Leyland Cmp 174.25 dated 13-12-2023
1. Support @ the trendline
2. RSI reversal
Buy above 175.50 target 180-185-190 SL 168
It is just a view, please trade at your own risk.
#Ashokley cash : Looks good above 185.10#Ashokley cash -Positional call
31.12.2023
Looks good above 185.10
Stoploss 175
Target 205/220
Cmp 181.55
ASHOKLEY setting out for a massive up-move.Jun 2023 (Monthly Candle) gave a very strong breakout from a multi year Cup & Handle pattern. Retest of the same was completed by Nov 23 candle (Monthly). December month candle formed a nice doji (hanging man) which also happens to be an inside candle. If price breaches high of these candles i.e. 184.80, then the stock may touch the price level of 290. SL level- 164/- ; Entry Level >=185; expected hold time - 12 months.
“ Disclaimer :- This is not a buy/ Sell recommendation. The idea is shared here to record my journey as a trader as well as for educational purpose only.”
ASHOKLEY 10/10/2023Ashokley is formed classic selling pattern and head and shoulder pattern it is very soon falling so i am shorted CMP@171 and my stop loss is 180 my first target is 155 , second target is 142
Ashok Leyland. All time high resistance to supportA very good risk reward setup in Ashok Leyland...
All time high is broken and also retest done. Also it is taking support nr weekly 20sma.
It will show good momentum once new all time high is made..
Tentative SL and target marked on chart.
Ashok Leyland bullish Investing Idea Good above 175NSE:ASHOKLEY may give impulsive moves now
it breaksout 5 years of resistance and also retest confirmed in weekly tf and daily tf
takes first resistance in 2018 followed by 2022 and finally breakout in 2023
now this resistance acting as strong support
also in daily timeframe retest of this support is confirmed
my personal view is very bullish and its the best time to invest in this stock for long term
i believe it may starts bullish impulsive moves from here
ASHOKLEY - GO Long For Educational Purpose..
#ASHOKLEY BUY Go Long
In Monthly Chart Showing Cup and Handle Pattern Breakout and Retest Done.
- Candlestick Chart
Buy Above - 175
SL - 170
Target - 180, 190 and more
Thank you
Head & Shoulder--Breakout retest
--Bullish structure
--consolidating near breakout region
--Target 190+
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and consult your financial adviser if needed
