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.
ASHOKLEY trade ideas
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
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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.
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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
Need Experienced Trader to Assess my chartKindly assess the trendlines I have drawn, shows 'Rising Wedge' which a Bearish reversal pattern I beleive. Thank you in advance
Ashok Leyland - Flag Pattern Ashok Leyland is the second largest manufacturer of commercial vehicles in India in the medium and heavy commercial vehicle segment. It also supplies bullet proof vehicles to Indian Army. YoY good performance - top-line has increase substantially, EPS is 6 for TTM.
Ashok Leyland is also showing a flag pattern - rise - consolidation - break-out - rise. Flag pattern is not always a typical flag pattern, and it can be straight, slanting, downwards, etc. If you see the chart, same pattern is currently being followed by Ashok Leyland. A breakout above 191 could lead to 210 target.
Ashok Leyland - Fibonacci Retacement & Trendline Breakout!!!Ashok Leyland had now rested as per Fibonacci levels. The stock is also testing the trend-line. A break-out of the trend-line with volumes with lead the upward journey again. Other factors:
1. Positive news - Ashok Leyland bags orders for 1666 new buses from Tamil Nadu Govt. to be executed between November 2023 and March 2024
2. RSI diversion - moving upwards
3. MACD - On the verge of being postive
4. Trendline breakout
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Ashokley H&S breakoutEarly breakout signal. If it breaks the 177 resistance, it might go up up till 180
Ashok Leyland in downtrendAshok leyland is perfectly following downtrend. This share is in uptrend on weekly but in downtrend on daily basis. so it can be bought once it touches weekly down line which is thick red line
Disclaimer:- this is absolutely for study purpose and no buy sell recommendations
Ashok Leyland,UPSIDE OF 205 - 210 LEVELSCurrently, Ashok Leyland is at the previous trendline Support level of 175 in price. If the stock successfully recovers, it might eventually hit 205-210 price levels in the coming weeks, according to the Elliot wave pattern, Fibanocci retracement, and trend line support levels.
ASHOK LEYLAND - LONG BREAKOUT!!!BUY - ASHOK LEYLAND
CMP - Rs. 145
Target - 1: Rs. 195
Target - 2: Rs. 260
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Technicals - Cup and Handle BO
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This is just a view by an expert analyst, please invest at your own risk.
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AshokLey, Levels and Trade Zone Chart Type - Heikin Ashi
Time Frame - Daily
Indicator:-
1. Moving Averages (For entry and exit)
2. Fibonacci Retracement (For support and resistance)
The price has successfully tested its Fib retracement level of 23.60% which is 179.15, the level acts as a strong support. Also the moving averages came close to each other showing the consolidation in the price at these levels.
Trade Zone:
Resistance1 - 186
Resistance2 - 191.50
Trade Plan:
I will wait for the levels of 186 to be broken and for a bullish crossover of moving averages.
Also keep in mind that on the weekly chart it has a retracement level of 23.60% at 175 level. So, the price can be volatile in the range of 175 to 186. You can check the weekly chart in the update section.
Disclaimer: This is my pre market analysis and my trading/analysis journal. Not a suggestion to buy or sell. The material here is only for educational purposes.
Thanks
Sardar Simranjit Singh Virdi
ASHOKLEYLAND-SHORTIdea is based on volume profile & price action. Confirmation only based on order flow
