Supply 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...
ASHOK LEYLAND broke out of counter trendline and should retest from 153 levels. That would be the optimum entry point.
Wait for retest, there should be a big green candle.
Entry - 147
Target - 160/167
SL - 142
Study the stock & Trade responsibly.
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.