ASHOKLEY trade ideas
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.
A good chance to go long!!!1. it broke the resistance level.
2. wait for the confirmation and take long.
Ashok Leyland - Double Bottom - LongAshok Leyland has double bottom at 42 which was strong support.
If the script go pass above 53.80 . Then we can go for Long Position.
Target 1 - 60
Target 2 - 66
Target 3 - 75
SL - 41.50
Disclaimer: Kindly do your own analysis before executing the trade.
Stay Tuned for the NutsAnalysed levels mentioned on chart!!!
Note: Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
Synergistic Pattern: Triangle + Advance pattern (W+Flag) + EMA50Levels are on chart.
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Thank you. Happy Trading!!!
Ashok Leyland: Trend analysis (Short bias)Weekly Time-frame:
After making bearish pin bar last week, this week ended with strong bearish candle. (Short bias)
Daily Time-frame:
Few days ago, prices made a lower high then broke the upward trend-line which signify possible trend change.
For further confirmation, analysed intra-day time frame i.e. 4H.
4H Time-frame:
After breaking upward trend-line on daily time-frame, prices broke the immediate support level with the momentum and made a lower low which confirms Down-trend . Then made a lower high which took resistance from same level (above support level) and also from 50 EMA.
Conclusion: This price action on every time-frame confirms short bias so one can initiate a short trade with stop-loss above recent lower high keeping own risk to reward ratio in mind.
