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ASHOK LEYLAND LTD.ASHOK LEYLAND LTD.ASHOK LEYLAND LTD.

ASHOK LEYLAND LTD.

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ASHOKLEY trade ideas

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.
NSE:ASHOKLEYShort
by SwapnilNemade
1
ASHOKLEYt1 58.57 parallel channel connecting with wave 2 and wave 4 keep countinue buying above 32.50 Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
NSE:ASHOKLEY
by Oggy_
ashok leyland short(for 18th may 2020 and view for next week)reasons: 1. 38% retracement in the fall has been achieved. 2. has made a gravestone doji in the weekly tf. 3. in daily tf has broken the 20 sma with a sold black candle confirming the bearish pressure. 4. if the fridays low is broken a move on the downside is expected. 5. entry can be taken based on 15 mins chart or 5 mins chart squeeze b/o ( because i like to trade with momentum). Pls Note: i give intra day calls, but i analyse and decide my trades based on the bias from the bigger tf i.e weekly or at times even monthly and my execution timeline is 15 mins in some even 5 mins.
NSE:ASHOKLEYShort
by Best_in_the_world