#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 trade ideas
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
Ashok Leyland Breakout 1:3 RRAshok Leyland has given bullish head and shoulder breakout with Volume.
Good to add for Swing Position
Buy Ashok Leyland
Between 170-172 Stop Loss: 165
Target 1: 180
Target 2: 183
Target 3: 190
Based on Index movement SL
may be trailed.
Will keep posted.
Ashok leylandTrading near 52 week high and above major long term resistances. Clear change in long term trend and good for accumulation for medium to long term.
Ashok Leyland Swing Trading Opportunity | Daily BreakoutRefer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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Ashok Leyland : Swing Trade#ashokley #patterntrading #Breakoutstock #inverseheadandshoulder #swingtrade
Ashok Leyland : Swing Trade
>> Breakout Candidate
>> Inverse H&S Pattern Visible
>> Good Strength & Volumes Picking up
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Falling wedge bo Only for educational purpose
After continously falling now stock is showing good strength for unmoved
Not recommdation
Bullish Reversal in Ashok Leyland: Targets 190 and 220I have identified a potential bullish reversal in Ashok Leyland based on the following factors:
The stock has shown a reversal at key Fibonacci levels, indicating a potential shift in the trend.
Break of Trend Line:
Ashok Leyland has successfully broken above a significant trend line, suggesting a change in the prevailing downtrend.
Targets:
The first target for this potential upward movement is set at 190, representing a key resistance level.
A more extended bullish move could see the stock reaching a second target at 220.
This analysis is based on technical indicators, and as always, it's essential to consider other factors such as market conditions and company news.
Multi year breakoutMulti year breakout.
Stock retested multi year breakout and broke short term trendline on daily chart.
Ashokley for LTHI'm not SEBI registered!!!! DYOA
-Short to mid term
-Pattern active at breakout of 'B' and SL should be previous HL
On retesting!Stock is on retest levels after breakout of Ascending triangle pattern. Go long above weekly close. SL below trend line.
ASHOKLEY - Weekly AnalysisIn the Weekly Chart of ASHOKLEY ,
we can see that; After Cup & Handle breakout, it has now retested.
We could see that it has formed a Decision making candle on Trendline.
Possible momentums are shown in chart.
Ashok Leyland is at the point where one can go long.....Ashok Leyland is at the point where one can go long for swing trade.
On weekly basis it successfully break the previous Resistance and has pullback to retest the support zone.
After successful retest next week candle broke the high of the retest candle.
Long position can be taken from here.
Entry - CMP
SL - 165
Target - 210
Note : This information is only for educational purpose. Do your own analysis before making any position.
Get ready for a move of 8%After making a low of 168 the price rebounds with a good momentum. Now the price has entered the resistance zone. The breakout of 178 will open the levels of 190.
GMMA Indicator for Trend Signs:
1. The degree and nature of separation in the long-term group of EMAs indicates a pause in the long term trend.
2. The degree and nature of separation in the long-term group of EMAs indicates a trend reversal.
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Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Thanks
Er. Simranjit Singh Virdi
ASHOK LEYLAND RETESTING THE RESISTANCE AFTER BREAKOUT FROM C&H The stock has given a breakout from the 168 level and again after some consolidation it is ready to rebound
Ashok Leyland Support BrokenAshok leyland opened flat but during today's session the price dropped more than 3%. A strong body red candle broke the support of 175.90 which is a shallow pullback retracement level of 23.60%. Also it's important to mention that the moving averages are in a bearish cross. So, all these indicate a downtrend. The next important level to consider is 166.80 which could act as a strong support.
Hit the like button!! Show some energy!!
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. The material is only for educational purposes.
Thanks
Er. Simranjit Singh Virdi
