ashokleyasholkley following a channel and its near buying zone with green candle confirmation. buy for a target of 63
ASHOKLEY trade ideas
Buy / Sell based on the trend-line Ashokley started falling because of the bad result but that common for all the automotive industry. Lets see if we see the sign of recovery from the support or it breaks it and fall back to 52 weeks low.
Ashok Leyland - CautionWith Force Motors having already cautioned that Q1 & Q2 could potentially be a washout..
Watch for this stock which might break down..its at a support...needs a bounce from right here right now..
Stay cautious of the space.
Ashok leyland bearish engulfing ashok lelyland bearish engulfing
CMP-53.45
First target -50
final target -45
stop loss -57
ASHOK LEYLAND CHART ANALYSISIF ASHOK LEYLAND BREAKS 52.20 AND SUSTAIN THEN SELL IF IT BREAKS 53.35 AND SUSTAIN THEN BUY WITH OTHER CONFIRMATION.
*DISCLAIMER*
The POST are strictly for educational purposes and do not provide any advice/tips on Investment or recommend buying and selling any stock.
We neither take guarantee of profit nor stand responsible for any losses of any trader.
ASHOK LEYLAND CHART ANALYSISIF ASHOK LEYLAND BREAKS 52.20 IN DOWNSIDE THEN SELL BUT IF IT BREAKS 53.35 IN UPSIDE THEN BUY .
*DISCLAIMER*
The post are strictly for educational purposes and do not provide any advice/tips on Investment or recommend buying and selling any stock.
We neither take guarantee of profit nor stand responsible for any losses of any trader.
ASHOK LEYLAND - Positional Buy till 50 SL 49 TGT 58/60ASHOK LEYLAND
The stock has made simple RSI DIVERGENCE on Hourly Chart.
You can look for a POSITIONAL BUY EVERY TIME PRICE MAKES A NEW LOW TILL 50.
Target is 58/60.
Below 50, the nearby support is 49.
KEEP AN EYE!!
***this is my personal view. Please take advice from your financial advisor before investing.
Ashok Leyland 60 min TF long setup.......Double top at 44, rising stoch-RSI from oversold, previous low as well as rising upper trendline cross section giving upside target approximately at/around 58 likely. Although having position personally, not professional advisory this is. Just trade & share on trial & error based post this is.
ashok leyland Disclaimer:
The data and information provided in this published idea is not an advice and should not be relied upon as such. Neither the information, nor my opinion contained in this idea constitute a solicitation or offer by me to buy or sell any securities, futures, options or other financial instruments.
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
stock looks good above 52.5
54/55/57
ASHOK LEYLAND Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Ashok Leyland - Imminent breakoutThe stock has seen a nearly 10 day consolidation and has reversed to 38.2% from the previous high. On the weekly chart, there is a nice double bottom and indicators have turned positive. Other indicators like MACD and Ichimoku are also bullish.Currently the stock is at a resistance level. Market Facilitation index is also confirming a trend reversal. Any break above Friday's high of 54.9 is a good place to go long with a target of 64 and a stop of 51
AshokLeyland - Build up near resistanceNote: This is for educational purpose only.
There seems to be a build up near resistance of Ashok Leyland. There is an increase in buying volume and RSI is above 60 which indicates strong bullish momentum. In these cases, once the price breaks resistance, a bullish rally can be expected.
Ashokley longterm chart analysisNSE:ASHOKLEY has given more than 10X return whenever it touched the lower trendline in long term chart.
Stock : Ashok Leyland
CMP : 53
Current PE : 16
8 Years Average PE : 27
Entry Range : 40 - 45
Stop Loss : 38 - 35 ~ 20%
Swing Target : 57 - 60 ~ 35%
Positional Target : 80 - 90 ~ 100%
Long Term Target : 300 - 350 ~ 700%
Allocation : 5%
Risk’s:
High debt
Low PAT margins
Promoter holding pledged
a squeezing channel break it gave a squeezing channel break and the made a triangle formation on the support of channel and breaking it so i think it can go up this time breaking the above resistance safe traders can wait for more confirmation or can but with some risk after it crosses 55
Stay Tuned for the NutsAnalysed levels mentioned on chart!!!
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
ASHOK LEYLAND Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
