cup and handle patternstock trading near major resistance...
need to spend some time above 2 to 4 hrs.
10% above 170
ASHOKLEY trade ideas
ASHOKLEY 167.90AUTO: ASHOKLEY @ 164.40 | 17-JUN-2023
Sector: Automobile - Trucks/LCVs
BETA: 0.97
FACE VALUE: 1
DIVIDEND YIELD: 1.58
BOOK VALUE: 29.12
RES: 168; SUP: 34
Above 168, we can see 202-241(MIN), 305-330(NORMAL), 472-500(ULTIMATE)
My view on AshokleyAshokley
If sustain above 170
Looking tgt 174-176-180++
in very short term
As it is giving longtime trendline breakout
Keeping on radar Ashokley 172 CE
ASHOKLEYASHOKLEY is currently trading near its all-time high, and if it manages to close above the 170 level, there is a potential for the stock to reach new highs.
ASHOK LEY SUPPLY TRADETake your trade as mentioned on chart.
This trade depends on demand & supply game. we assuming that the at specified price range on chart Professional orders are pending and when price come again at this point, we will find sharp jump into price. Our target will 1:5. Must put SL in your trade, better to place Bracket order. Sl is 0.5% of our capital. i.e if your capital is 1000000 then your SL is 500RS only and profit will 2500RS.
Ashok Leyland near resistanceAshok Leyland needs to consolidate near highs / resistance zone for the further upside move / breakout to be powerful
ASHOKLEY - Weekly AnalysisIn the Weekly Chart of ASHOKLEY ,
we can see that; it is forming a big Cup & Handle.
It has given a respect to trendline.
Let it retest next week and then enter with SL and Bigger Targets
ASHOKLEY on daily time frame ASHOKLEY breaks strong resistance at 155.5 and closed above 156.
ASHOKLEY may go up from this price to 160 and 168.
The cup and handle chart pattern formation
Entry above 156...first target 160 and second target 168
Stop loss 151.30
Note:- Education purpose only.. not advice to buy...
Ashok Leyland with 300% to 500% upside potentialAfter a long consolidation period stock is trying to come out of the range.
Chart is showing strength, keep an eye on the stock for long term
Levels & Logic mentioned on the chart
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Inverse Head & Shoulder Inverse Head & Shoulder breakout in stock. Looking good for target of 175 in next few weeks.
Cup and Handle PatternA cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.
Script = Ashok Leyland
Time Frame = 1 Day
Ashok Leyland Chart Patter IdeaThe purpose of this video is to share the pattern identified in the Ashok Leyland share with the public for educational purposes.
AshokLeyland on watchlist to shortAshokLeyland on watchlist to short... ..... AshokLeyland on watchlist to short... .....
Ashok Leyland retraced enough and ready for pull backAshok Leyland retraced to 146 as its nearest support.
Nomura Adjusts Ashok Leyland's Price Target to INR187 From INR184
Ashok Leyland - Bullish PatternOne of the most bullish patterns and the stock could continue to move if the results remain strong.
Long above 155 with a 5% stoploss.
First target 170 and if it can break above that it'll be a massive all time high breakout.
Stock at crucial level. Potential to reach 165 to 170 level 1. On DAILY and WEEKLY time frame Clear ichimoku breakout with good volume.
2. Making " W " pattern on weekly time frame.
3. Stock is now just below crucial trend line.
4. Very strong candles on weekly time frame.
5. This stock have the potential to reach 165 - 170 levels
Good time to buy call option
ASHOK LEYLAND BREAKOUTAshok Leyland is looking bullish by breaking a horizontal resistance trendline on daily chart so we can consider it is breakout on horizontal resistance trendline of parallel channel and after a breakout of falling resistance trendline we can go long in it for the target of 154 with the stop loss of 140 (RESISTANCE) below a daily candle close basis.
𝑵𝑶𝑻𝑬- 𝑶𝑵𝑳𝒀 𝑭𝑶𝑹 𝑬𝑫𝑼𝑪𝑨𝑻𝑰𝑶𝑵 𝑷𝑼𝑹𝑷𝑶𝑺𝑬
Ashok Leyland Hay guys just add your watchlist and wait up to treand line break out and close day candle my view is long
Ashokley Numerous Bearish signs!!!!Chart Patterns look good for a short trade
REASONS
1. In Weekly timeframe, Ashokleyland broke out of the Ascending channel on sep 2022 & Right now it formed a Bearish Pennant pattern and Gave breakdown for that too!!!(SHOWN BELOW)
2. In daily time frame, it is moving alike Inverted cup& Handle pattern(shown below)
3. In 2hr timeframe, it is trading inside a DESCENDING CHANNEL and also there is Bearish pole pennant pattern seen.
4. There is an UNFILLED GAP ZONE (127- 125 RANGE)(Gaps often gets filled)
5. Target(dashed bright green lines) & Sl(dashed red line ) levels mentioned @ chart
6. Gap zone(green rectangle ) can acts as good support!!
Just be fixed with the SL level.
Let's wait and watch how it moves!!!
NOTE - Just sharing my view....not a tip nor advice!!!!
ASHOK LEYLAND FOR SWINGStock looks good at the current levels for swing action. Good volume and price action seen. Check chart for target.
