LONG ASHOK LEYLAND Long Ashok leyland cash @207
target 225 /240/255
lets see
trend reversal possible
ASHOKLEY trade ideas
Ashok Leyland - Decisive LevelStock Currently in area of High Interest Zone
Chance to chose a path n go forward any ways
Current candle can act as a decisive one
Bullish above 227 with Sl below 224
Bearish below 224 with Sl above 227
Targets can be 236 & 215 respectively
224 - 227 236 215
ASHOKLEYLAND - Example of history repeats!Overview & Observation:
1. Beautiful clean breakouts.
2. Broke multiyear resistance level.
3. Earnings are strong.
4. Expecting a minor consolidation and further upmove
Trade Plan:
1. Keep it on radar, and track it closely.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Inverse head & shoulder bullish pattern on ASHOK LEYLAND Long trade forming on ASHOK Leyland with an upside of atleast 10% with a time frame of less than 3 months. If breaches highs then upside gains can be extended to 20%.
Entery after 237.5 on closing basis.
bullish stock for short term given strong breakout its better tohold for short term target will be 218
ASHOKLEY - To hit 290 in the coming weeks?Ashok Leyland - CMP 222
The stock looks ready for a good upmove provided the recent swing low of 200 holds
Wave counts and technical Patterns (Rounding Bottom breakout) everything points the target towards 290 for the short-medium term
Refer to the chart for counts on various Degree/TF and Technical Patterns
Vth of Primary 3rd is now underway.
On hourly TF, price broke above the falling trendline and broke the LH/LL structure..
There could be one more dip towards 210 levels.. and thereby make a double bottom structure
but this current impulse could take the script to AVWAP from the TOP at 230 levels..
A good script to consider for Dec/Jan series
Ashokley - Dont be deceived by inv H&S - Pullback is dueCMP: 231.79
TF: 90 minutes
First and foremost, my primary view is BULLISH on this counter (positional/investment) for a detailed view on the larger TF, read my analysis at
Key Highlights/Positives:
- Price successfully broke the swing high at 230.45 and negated the LH-LL structure.
So, any pullback is a buying opportunity with the SL of 214
- Price closed above all key moving averages on Daily TF
- On hourly you can spot Golden Crossover (50 EMA taking out 200 EMA) - very good bullish sign
- On Shorter TF, Inverted H&S formation is seen and the price is trading above the neckline.. Potential target is 250-260
- Price has broken and trading above the AVWAP from the TOP
Challenges/Negatives/reasons for Pullback:
- There is an unfilled GAP at 225 area
- On daily, price is trading inside the cloud. Could face resistance at 240
- From 264 to 202, the price was falling in a single leg.. No corrective structure seen/observed ..
This marks a case for,
- Either a deeper pullback to form double bottom structure (Blue line marking zig zag from the top)
- Or a sideways move like 3 rise method (keeping the red trendline intact) and sharp bounce thereafter
Again, for investors, it is a hold and add on dips..
but for short term traders, it is a wait and watch game for now..
Always focus on LOW Risk Set ups..
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
BUY ASHOK LEYLANDBUY ASHOK LEYLAND for target price 253, as it broke the trendline and made double bottom and will break this flag structure to continue till 253.
Ashokley Seems BullishAshokley Seems Bullish
Trigger point - Cup & Handle Break
Booster - Parallel Channel
- Trend Line Support
Entry level : 229-233
Support Level : 219
Resistance : 255
- This is no recommendation - only my personal analysis.
correction still not overAshok Leyland CMP 233
Fib- the stock made lows at 38.2% with RSI halting above the bull zone. This is very very positive.
Elliott- the current rally is corrective in nature and hence this rally is not to be trusted.
On this correction we will judge its strength and then take a call.
ASHOK LEYLANDASHOK LEYLAND as per chart showing downtrend ,but if it moves above 242.69 and starts trading then only it will move up,
but as per study it shows it is in downtrend and may be anytime selling will start and stock will fall much more low than 202, so lets wait ,watch and enjoy the move
Ashokley Long Inverted HnSGo long in Ashokley. We can see an inverted Head and Shoulders on the daily chart.
Entry- 222-224
Targets- 234 238
SL- 216 Hourly Closing Basis
#Swing
*Disclaimer- Stock Market is a risky. Please take advice from your own financial advisor. This is just for educational purposes.
ASHOKLEYLAND H&S BREAKOUTAshokleyland breaking h&s reversal pattern
with huge volume building up
bullish rsi,trading above 20ema
#target 263 soon
sl 215
NO BUY/SELL RECOMENDATION
Ashok Leyland- seems, ready for next moveBullish candle on weekly has formed , expected to make it all time high. We can consider the Stop loss as low of this candle. Let's see how it goes.
Ashok Leyland: Bullish Reversal with Strong Upside PotentialAshok Leyland is showing strength near its major support range of 212-220, and the daily chart suggests potential upside targets at 243.27 and 258.10. These targets could be achieved within the week, supported by several technical indicators pointing towards a bullish reversal.
Long-term RSI levels are all above the critical 50 mark, indicating positive momentum, with the exception of RSI-7, which is trailing behind, suggesting there’s still room for the shorter-term RSI to catch up and drive further gains.
Additionally, a perfect hammer candle has formed on the weekly chart at this support zone, a classic signal of a potential bullish reversal.
With the technicals lining up, Ashok Leyland looks poised for a strong move upwards, making it a stock to watch closely in the coming days.
ASHOKLEY
#ASHOKLEY Ready for new High!
Logic explained in the chart.
CMP 227
Target 1 - 242
Target 2 - 251
Target 3 - 257
Target 4 - 267+
ASHOK LEY LAND Getting Attractive For LongAshok Ley Land
On Retracement Mode After Respecting the tgt of 265±
Longterm Investors
Can accumulate till 185.
Looks good in Parabolic UPTREND PATTERN & ELLIPTICAL BREAKOUT ALSO SEEN.
(Based on Elliptical structure 207± support looks good)
TARGETS EXPECTED ARE MARKED IN THE CHART.
Shared it for Reference Purpose Based on CHART PATTERN.
Kindly do Your Analysis From Your Side.
This is not a BUY or SELL RECOMMENDATION from my side.
ASHOK LEYLAND - SHORT TRADE FOR HUGE PROFITSymbol - ASHOKLE
ASHOKLE is currently trading at 260
I'm seeing a trading opportunity on sell side.
Shorting ASHOKLE Futures at CMP 260
I will be adding more position if 270 comes & will hold with SL 273
Targets I'm expecting are 242 - 225
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Ashok Layland seems to be set for a breakoutIts showing a classic Cup with Handle pattern a breakout with good volume can be a good time to enter.
ASHOK LAYLAND 1HEINTRADAY / SWING TRADE
TRADE FOR OPTION BUYERS..
- EARN WITH ME DAILY 10K-20K –
ASHOK LAYLAND Looking good for Downside..
When it break level 241.36 and sustain.. it will go Downside...
SELL @ 241.36
Target
1st 238.09
2nd 234.21
FNO
ASHOK LAYLAND SEP FUT – LOT 4 (Qty-20000)
ASHOK LAYLAND SEP 250 PE – LOT 1 (Qty-5000) – PRICE (10.85)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
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Ashok Leyland - BullishAfter long downtrend, stock now retraced from strong support area
Made 1st HL 2 days back
As per FIb and Wave theory it seems stock may rise from near 242 areas, While 239-40 will act as the strongest support
Risk reward is excellent
Can expect 260++ again in coming days
ASHOKLEY Bouncing back from retest level#ASHOKLEY
Bouncing back from retest level
Retest level 245- 240
Strong until it holds the retest level
Support at 230Weakness if breaks 230
Reversal from here take it towards 259\ 265+Keep on radar
Ashok leyland long time cup & handle BullrunAshok leyland has 5 years breakout. That too is cup & handle pattern. Targets are normally double from here. That too had bullish wedge breakout too. I am long since 165 though. There is double strength in the stock. I have also demonstrated example1 on the left side. past cup & handle pattern brekout and target. Used fibo extention for above 300 targets.
Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.
DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
