In the Weekly Chart of ASHOKLEY , we can see that; After Cup & Handle breakout, it has formed a Decision making candle on Trendline. Enter on breaking its High with low as SL.
Entering into new trade Ashok Leyland , Retest complete
Fundamentally good stock . . wait for retracement & go for entry . . entry: 171 target: 174 / 179 /196 / 205 sl: 165 . . refer old ideas. updates will be done for everyday. stay for update
Ashok Leyland, based on the analysis using the Stock Navigator by FnOGyan Indicator, presents a compelling long signal on the daily time frame. The indicator suggests a positive outlook, supported by strong volume building up. The stock has demonstrated resilience by repeatedly finding support near the trendline support area, indicating a robust underlying...
ashok layland stock can be good for short term .and stock price to earning ratio 24 which is equal to may 2020,and 3years pe 55 and sector pe 24.39 ,where can be reach soon.20 years cagr near 20% also.so this stock support @165 and target 186.
A few weeks have shown a cup and handle pattern then 1st handle target was achieved but the cup target has not been achieved recently flag pattern showed the cup & handle pattern with a flag pattern target will be achieved few weeks
Strict SL 174 tactical fall - 1 pc from here
In daily time frame it's follow side base trend . Due to quarterly report revenue was down by 2.91%(-2.905B). For long term view it's a bullish . But here support was 165.35 and resistance 190. If it break 190 resistance with great volume and take a retrace at this level then you can make position for long term .
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Ashok Leyland Cmp 174.25 dated 13-12-2023 1. Support @ the trendline 2. RSI reversal Buy above 175.50 target 180-185-190 SL 168 It is just a view, please trade at your own risk.
am expecting a strong bullish movement in ashok leyland my target 200
#Ashokley cash -Positional call 31.12.2023 Looks good above 185.10 Stoploss 175 Target 205/220 Cmp 181.55
Jun 2023 (Monthly Candle) gave a very strong breakout from a multi year Cup & Handle pattern. Retest of the same was completed by Nov 23 candle (Monthly). December month candle formed a nice doji (hanging man) which also happens to be an inside candle. If price breaches high of these candles i.e. 184.80, then the stock may touch the price level of 290. SL level-...
Ashokley is formed classic selling pattern and head and shoulder pattern it is very soon falling so i am shorted CMP@171 and my stop loss is 180 my first target is 155 , second target is 142
A very good risk reward setup in Ashok Leyland... All time high is broken and also retest done. Also it is taking support nr weekly 20sma. It will show good momentum once new all time high is made.. Tentative SL and target marked on chart.
NSE:ASHOKLEY may give impulsive moves now it breaksout 5 years of resistance and also retest confirmed in weekly tf and daily tf takes first resistance in 2018 followed by 2022 and finally breakout in 2023 now this resistance acting as strong support also in daily timeframe retest of this support is confirmed my personal view is very bullish and its the best...
drop base drop set up.. to sell it at the levels mentioned... valid for 2 days only..its for educational purpose only
Cup & Handle - Bullish Break Out seen in monthly charts! Time frame - 1M Target - 200+ very soon!