TRADE SETUP FOR 02-08-2021 | ASHOKLEYNSE:ASHOKLEY
Trade setup for ASHOKLEY on 02-08-2021
It has made bullish flag and pole pattern. Once it break the trendline then it will be a good buy trade opportunity. And safe buy trade can be above 134 breakout.
Safe Sell trade can be taken below 130. But once who even wants to short below 132 then it will be a quick move of 2 points till 130. My personal view is 130 will act as a support. But if 130 is broken then there will be down movement. But better to book partial profit at 128 level in short trade.
Targets and levels are mentioned on the chart.
Do comment if you have any doubt or suggestion.
ASHOKLEY trade ideas
#105 NO TIME TO LEY TIME TO SLAY#105 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation. And if you have any queries let me know.
Leave a comment that is helpful or encouraging.
ASHOK LEYLANDNothing guaranteed
Nothing over week
Invest or trade according to your loss bearing capacity
LONG TERM PICK ( Educational Purpose only)
Buy ASHOK LEYLAND @ 135 with target of 140.
CMP IS 132.80
Stop loss is your loss bearing capacity. It has big support at 120.
Learn Technical and Fundamental analysis in Share Market
We also provide study material and coaching for all those preparing for SEBI registration examination.
Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis is for your information and educational purposes only and it does not constitute any recommendation to buy or sell any stock or index. Use your own wisdom.
Ashok LeylandThe stock has beautiful set up for both long and short trade. The chart clearly indicate that stock trying hard to give break multiyear resistance.
In day time frame it look like breakout but if you analyse in multiple time frame of 2hrs and 15min, the stock rejected at level of Rs.138 i.e. resistance level.
There is spark in volume and RSI in positive but it may be a trap, next few session will provide a clear picture of stock direction.
Keep a close watch, trade after analysis in multiple time frame as stock is candidate of both long (Target Rs.152) and short trade (Target Rs.120).
!!Learn and trade!!
Ashok leyland gave breakout from 7 months consolidationHey folks!
Please follow me to get my ideas on different stocks
Be sure to like and comment your views on that stock.
Ashok leyland gave a breakout today.
On tickertape ..this company is 76% forecasted by experts
Mutual fund holdings have been increased in the previous month.
Thanks!