Ashok Leyland is one of the well-known Auto Companies India & is Fundamentally Strong
Entry : 75<+>85 Range
Stoploss : Considering Long Term SL will be at Own discretion
Basic Target: 110
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Ashok Leyland has formed double bottom and showing signs of reversal. It has a reasonable PF catching the price frequencies and is available on the LML offering a good entry. It has formed a double bottom with divergence on MACD which is quite reliable setup. Heiken Ashi has turned to Green also. One can buy the stock with the following details
Entry current Price...
Buy on the break of Last higher high with a stop loss at last lower low .
Long if it breaks 95.50 with a stop loss at 92
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.