ASHOKLEY trade ideas
Ashok Leyland AnalysisWyckoff Accumulation
Go long @ CMP
T1 = 147 (probability 90%)
T2 = 158 (probability 60%)
Ashok Leyland Eyeing New All Time highAshok Leyland has completed wave 4 and looking to head towards new all time high 170+
Long near 120 with stop loss 107
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I may or may not trade this analysis
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ASHOKLEY: TrendLooks like a new trend is starting. If this continues then we can see this trading around 125 in the short term.
SL: 110
R:R 1:1
Bearish look on ASHOKLEYLANDTrendline broken on the 15min chart. Re-traced back to the trend line. High level rejection on the last 15min candle.
Good support from trend line and 200 EMA
long ashok ley lend Positive Reversal
Rejection at confluences of
avwap
50 EMA
50% Fib
entry : Black line
SL : red line ( You can buffer)
Target : green box and all green lines above
bullish weekly and monthly RSI
Ashok leyland-Head and shoulder pattern done, Buy now @113Please note that our previous analysis of ashok leyland was for short side as we analyzed the Head & Sholder pattern and gave the target of 109 to sell futures. Now the pattern is complete and Bottoming is also done. Therefore, as more value is left in this stock so intitate buy for a short term target of 125 and medium term target of 140.
Ashok Leyland looking long on the marketAshok giving a signal to uptrend because if it closes over 120. 40 on Monday then MACD will cross to each other and 5 DEMA has touched the tail of the last closing candle and 44 ema also touched the wick of the candle
ASHOK LEYLAND EQUITY Levels...30/03/2021 (D Candle)ASHOK LEYLAND EQUITY Levels...30/03/2021 (D Candle)
Ashok Leyland at Support LevelAshok Leyland formed green candle at support level and double bottom gave another confirmation. We can buy above 117 and target will be 127.
Ashok Leyland looks bearish below 108.1. Structure has changed to LH-LL.
2. Price is below 50 DMA & below VWAP so looks like short term bearish.
3. Below 116 its bearish, till 123 its strong resistance and need to break it will good volumes to sustain above it. Till that time its bearish.
4. Price gets rejected from 20 EMA on daily basis and we can see mostly red candles.
5. Price 108-110 is support level but not that strong, Need to keep an eye here. If tested again it may break and go down till 100/99.
7. Heavy selling started from 12th Feb till 18th Mar.
8. Buying volume is reducing from last 4 days. So downfall can continue.
9. Already a big uptrend took place from 13th Aug'20 till 2nd Feb'21. I believe currently its in distribution phase so need to be cautious.
10. Overall, if its goes below 108 its good to short till 100. If it crosses 123 with good volume then it can turn bullish but still need to observe.
11. In FIB retracement its taking support at last level which is not good.
12. Auto sector also does not look that strong to sustain up move for long.
Support line - Green
Resistance line - Red
Trend Line - White
VWAP Line - Yellow
20EMA Line - Blue
Ashok Leyland formed Head & Shoulder on 8 MarchAshLey formed Head & Shoulder on 8th March at 128, now it is trading near support zone of 108
ASHOK LEYLAND: Dual Support + Big Body Hammer 🔨Though I trade and post mainly breakouts but market is not in a condition of producing many breakouts :) So this is from some of the good potential support candidates. Rest is as the title suggests. Quick targets are mentioned.
long Ashok LeylandGood volume
At confluence of
Avwap
50 EMA
50% Fib rejection
Trendline support
positive reversal
Ashok leyland | HEAD & SHOULDER PATTERN | GO SHORTHead & shoulder pattern formation with RSI divergence. Short below 120 when 1 hr candle closses below it.
Target - 109, 101
SL - 127
