Askok Leyland Swing Idea >>
Reason >> Breakout and retrachement also taking support of EMA.
Sl can of 139 for target of 167/ 167++, Lets see how it goes
Trade on you risk, consult you financial advisor before trading.
wedge breakout in daily chart with apana wala candle at breakout level it can show 165/175 with days low as sl in nxt 15 trading session watching carefully. but be carful result bhi hai. but technical chart shows long builtup.
GOOD FOR 14% RETURN.
FRESH BUY CAN BE MADE WEAKNESS BELOW 130.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
Ashok Leyland formed a classic cup and handle pattern. Buy range is between 150 - 152. Stop @ 140. Target 1 - 160, Target 2 - 170.
Note: Buy only if the price closes above 150 on a daily time frame.
ELLIOTT WAVE ANALYSIS: All observations are clearly indicated in the chart.
Elliott wave is an road map to identify the direction of market.
One can hold Ashok Leyland in their portfolio for an good returns, it is an investment stock
Kindly hit the like button to forecast the chart like this further
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Ashok Leyland Ltd. engages in the manufacture and sale of commercial, defense vehicles and power solutions. The company was founded by Raghunandan Saran on September 7, 1948 and is headquartered in Chennai, India.