ASHOKLEY trade ideas
#Oct12 - ASHOKLEYThe stock has been consolidating for some time now. And also created a clear triangle pattern if broken can give an amazing momentum.
These are the levels:
Buy above 77.50
Sell below 75.10
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
ashokleyanalysis of the weekly chart of ashokleyland it seems to follow head and shoulders pattern very well ....now in a symmetric triangle let us see which way it goes
LongBuy ASHOKLEY at CMP ... Targets & Stoploss mentioned in chart....
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Thank you,
Vishwajeet Sharma
ASHOK LEYLANDIm not an expert im just sharing my views on ASHOLEY for tomorrow
Im not responsible for any profit or loss this is not a recommendation
ASHOK LEYLANDASHOK LEYLAND IN TIGHT RANGE BUT STAYING ABOVE 50 MA...EXPECTING HIGH PRICES IN COMING DAYS IF SUSTAINS THIS AREA
ashok leyland long after breakoutcan look to go long after breakout i.e 78. should wait for confirmation with a long term target of 85 and 90
Looks good for 110/132 in 3 to 6 months:Looks good for 110/132 in 3 to 6 months:
Looking at how price is behaving it can touch 110 130 in few months. Good entry was around or above 58 but NOW ONE CAN enter above 86 on daily closing with confirmation. SL would be 76.
Only After Flag Pattern Breakout Go Long Above 77Seen flag formation in Ashok Leyland. Go long if breakout for immediate target of 80 and short term target is 86.50+ according to flag pattern. Currently, It's trading in the oversold zone and stochastic RSI shows bullish crossover.
Trade:
Buy Ashok Layland @77
SL 76
Target 80.50 83 86.50+
Watch for these levels for more upmoveThe stock has been performing well for last couple of months. Look out for resiatance breakout above 77 and Trendline BO above 80.1
Ashokleyland hold tight hold for long term, as automobile industry shares are available at lower price now. try to grab at dips.
fresh buy at 69, 70, 71 levels.
Disclaimer note: ONly for study purpose, invest at your own risk.
ASHOKLEY short I hope you can now see how Ashokley represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
ASHOKLEY : Trade SetupNSE:ASHOKLEY
Hi Traders,
ASHOKLEY bounced back from its support zone as well as break its resistance zone easily. If it break last trading day high then it can hit 82 level. If it break 84 level then remaining target can be hit.
Entry and target level on chart.
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###Learn To Earn###
* This analysis is educational/learning purpose only.
* Trade at your own risk.
Trade well,
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ASHOKLEY NEAR WEEKLY RESISTANCEstock price reached it's weekly resistance zone and last week rejected from that zone showing some weakness, bullish view only above that resistance zone so keep this stock on your radar and find best trade for your self.
