ASHOKLEY trade ideas
Ashok Leyland looks bearish in Short termAshok Leyland
CMP - 43.6
It looks bearish below 46
Sell at current level for
Target - 33
Sl - 51
Views negate if daily close is above 47
Ashok leyland in short term downtrend.Ashok Leyland is in long term downtrend. it got support in the range of 34-36 but has a strong resistance in the zone 48-50. Traders can go short below 46.50 with a stoploss at 49. short term target is 42.7.
ASHOKLEY - WEEKLY- INVERTED FLAG PATTERNASHOKLEY - WEEKLY- INVERTED FLAG PATTERN
Stock is bearish in Weekly and Monthly timeframes.
From last 3 WEEKS, the prices have been facing Resistance from (51.90) and the LOWER-Bollinger band has been acting as a SUPPORT.
If the prices break (43.50), the next support is 39.75, 36.0 & then 33.10.
KEEP AN EYE !! #B-
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.
Ashok Leyland - Short - Harmonic Bat PatternAshok Leyland has now reached my Previous bullish target . Now it's turned trend to reverse .
If its reversed
Short When it reach @ 55
SL - 57.75
Target 1 - 50
Target 2 - 46
Target 3 - 35
Ashokleyland trend reversalTrend reversal confirmed in daily time frame. Also triangle pattern broken out and expecting retracement in 0.38 that is neckline of double top. Waiting for sell entry in neckline.
ASHOKLEY - DAILY - ASCENDING TRIANGLEASHOKLEY - DAILY - ASCENDING TRIANGLE
Stock is bearish in Weekly and Monthly timeframes.
Prices have been facing Resistance from the Upper Bollinger band (51.90) and the Mid-Bollinger band has been acting as a SUPPORT.
If the prices break (46.75), the next support is 43.50 and then 39.75.
ASHOL LEYLANDNSE:ASHOKLEY
IF PRICE BREAKS THE TREND LINE THEN WE CAN SEE THE PRICE BELOW MARKED ON CHARTS
Reminder for ASHOKLEY long 46.6Trade Setup 1.:-
Buy above 45.5 for 1-target 51.45 nearby
suppose to buy in range 46.4 to 46.9 (low )
Very low risk
Trade Given :
Ashok Leyland - LongAshok Leyland -
Buy above @ 45.50
Trg 1 - 55
Trg 2 - 65
SL - 40
Disclaimer: Kindly do your own analysis before executing the trade
Ashok Leyland Longterm analysisEven though Ashok Leyland doesn't fit our investing framework, posting this in case it will be useful for already invested investors
Trade Setup on ASHOK LEYLAND...!!!CMP 47.5
Lower Bound at 46
Decisive level 45.5
Trade Setup 1.:-
Buy above 45.5 for 1-target 51.45 nearby
suppose to buy in range 46.4 to 46.9
Very low risk
Trade Setup 2.:-
Sell with stoploss of 49.15 above closing bias.
suppose to sell 48 nearby and target 42.5/40.5 and more
Very low risk
Choose on of your best Trade Setup for you from chart identifying.
ashok leyland has formed a triangle patternPlease wait for the pivot point to act as a support and wait for the triangle breakout to take a good entry.Also watch and observe nifty.
