Long in ashokley Can buy ashokley around CMP 146/147
Add more above 150
Target - 155/164
SL - 140 clbs
ASHOKLEY trade ideas
#Ashokleyland cash : Looks good above 150.10#Ashokley cash -Posiitonal
03 Jan 2023
Looks good above 150.10
and more 50% above 154.10
Stoploss 135
Target 175/190
Cmp 147.40
(Slow mover stock)
ASHOKLEYLAND for 10% Gain ASHOKLEYLAND buy for 10% gain it is showing the falling tendline breakout. you can keep it on radar.
LTP : 148
TG : 164
SL : todays low
Buy Ashok LaylandBuying opportunity in Ashok Layland
Why we should buy.
1. MACD Cross over
2. RSI Crossover
3. Volume
Ashok Leyland Buy above 150Ashok Leyland Buy above 150, target will be 160+
Triangle breakout happened.
#ASHOKLEY - Inverted head and shoulder formation#ASHOKLEY - Inverted head and shoulder formation; A good up move is expected
ash ley 4hr tf As far as global market looks not good, Makes this stock Look like good downside opportunity of targets 131.55 and it is valid for this week
ashoak leyland stock has making lower high many time bounce on 140 level if one candle close below 139 it will good short trade target 129 and 113
Price Action Trading Using Supply & Demand ZonesSupply and Demand Trading Strategy is a price action strategy that focuses on identifying Institutional Buying & Selling Footprints on a Price Chart. This strategy doesn’t rely on any indicators or oscillators; entire focus is on Price Action.
Owing to the sheer large size of their orders, Institutional buying or selling leaves behind certain footprints which create specific chart patterns.
Price Action Trading Methodology relies on a vast number of Price Patterns, however Supply Demand Trading Methodology focuses only 4 Specific Price Formations. These are classified as Supply & Demand Zones.
Supply & Demand Zones
These zones are areas on a price chart where price in the past had spent very little time and had moved in an explosive manner. Such sharp moves in price is possible only because of Institutional buying or selling. Owing to the structure of these zones, there is a very high likelihood of having unfilled institutional orders in any zone.
Demand Zone Formations
Rally-Base-Rally (RBR)
A Rally- Base- Rally is a price action pattern that represents the formation of a Demand Zone. It is generally found in strong uptrends, indicating a continuation of the uptrend. This type of pattern is characterized by a leg-in candle followed by a basing of candlesticks and then another Big Explosive leg-out candle. If you look at the leg out candle created in the chart below, it shows a strong vertical rally which is very likely due to institutional buying activity.
Drop-Base-Rally (DBR)
A Drop-Base-Rally is a formation that represents another Demand Zone pattern. It is a reversal formation, in which a drop is followed by a sideways price movement and then a strong bullish rally. The leg out candle ideally should be a big explosive move which will depict institutional buying activity.
Supply Zone Formations
Drop-Base-Drop (DBD)
Drop-Base-Drop is a price action pattern that represents a Supply zone. A bearish drop followed by a basing or sideways price movement and then an explosive bearish continuation downwards. It is a continuation pattern which can be used to trade & participate in the down trend.
Rally-Base-Drop (RBD)
Rally-Base -Drop is a price action pattern that represents another supply zone. This formation is characterized by an upward move then a basing of candles and a strong explosive move downwards. Explosive drop after basing indicates the footprint of institutional selling activity. This formation is generally found at the end of an Uptrend signalling a reversal.
Trade Action at Zones
Supply & Demand trading methodology is a retracement strategy. Long trades can be initiated when price retraces to a Demand Zone & Short trades can be initiated when price retraces to a Supply Zone.
However, all zone formations aren’t alike, one must qualify the zones based on factors like how Explosive was the move from the zone, how much time price spent in the zone & most importantly what Reward to Risk Ratios do they zones provide.
These zone formations combined with Trend, Location & Multiple Time Frame Analysis lays down the ground rules for Supply Demand Trading.
Ashok Leyland analysis Ashok Leyland is currently at a huge support of 142 and forming a deaccelerating triangle.
Both side opportunity is their, short if it breaks the support and buy if breaks the resistance
ASHOK LEYLAND FOR WHAT?????????ASHOK LEYLAND form descending triangle which known as bearish scenario with lower high form clear see in chart where price go down at support zone and bounce back. now wait for breakout in which direction stock will give. make entry after breakout only. then make good profit
Ashok Leyland Swing tradeCan buy @current level with a short term 1st Target of 154 and 2nd Target of 164
Put stop loss below 130
This is only for educational purpose kindly trade at ur own risk.
Thanks
Can be bought ABOVE 144.1 for Trendline TargetFor trendline target
NSE:ASHOKLEY
Buy only ABOVE 144.10
SL of 141.50
Target of Trendline and 2nd target of 150.70
ASHOKLEY | view• ASHOKLEY - Head and shoulder chart pattern can push in downside direction.
• Entry:- below 141.70 ( Support from last 4 months )
• Downside Supports / Swings can become our targets.
Targets :- 132 , 130
Short term swing tradeThe excellent breakout of the trend line and on going to retest.
If the next day's candle closes above the previous candle, we can buy a good long position for the the short term to get 5% profit within 4-5 days.
entry above 148.
exit at 154.
PENNANT ASHOK LEYLAND ASHOK LEYLAND
Pennant chart pattern
On up side Breakout
Then take tread on your Risk
ASHOK LEYLANDAshok Leyland's trying to break out strong and sustain the levels of 143 many a times which it did in the recent past has gone in vain again, as it tested the said level again yesterday which it seemed to have a momentary respite. However, considering the past trends 143 level is always respected and this can be the strategy for the counter today. The given levels can be considered for the trade setup.
On the flip side one should see if yesterday's low is breached.
*Views are personal and not a buy/sell recommendation. Please consult your financial advisor before taking a trade or investing*
