Ashokleyland 200days moving averageBuy above 66 for a target of 90 rupees in short term. 65.65 is its 200 days moving average.
ASHOKLEY trade ideas
ASHOKLEY Bearish Next Week Swing TradeAs we saw the price action of the last day It failed to break the upper channel line formed bearish pin bar dogi candle that is the rejection of price (Stronge Resistance Zone) SO waits for the next confirmation candle if it would bearish candle then go bearish.
SELL at 61.60
SL 65.90
TARGET 51.70
R&R 2.01
NOTE: Don't take the trade on behalf of this. This is just the study perspective.
Long ( Up coming ) Trade set up This one is coming down for one more correction and then you can look for buying for short term trend trade
I advise you to wait for daily reversal only after it surpass 44.65 , and then you can take the trade for forecast Target 65+
Ashok Leyland Trade setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
June Series Option can be tried.
Wait for entry setup, if available then Long/short.
Reward is 7-8 Times
Ashok LeylandThis stock was in sideways for a while and once brokeout with volume, Look at the move 13%
Long waited breakout in Ashokleyland. Technicals !!Price was trading inside a channel and tried to break down for couple of day which was a fakeout break. There was clearly no volume/ no trade as seen in the chart. But mean while it formed a pattern and today it breaks and look at the results. . .
Ashok Leyland breakoutAshokleyland broke a very significant structure after a very long time. It is near 200 days moving average also.
Watchout for Long opportunities.
If it manages to stay above 57 then one can initiate long position.
breakoutstock has given breakout
Huge CE unwinding At 55 strike and CE buying At 58 , 60 strikes
trade with stop loss
level are mentioned in the chart
Ashok leylandSymmetric triangle breakout expected tomorrow.(mostly gap up opening)
If breakout occurs target of 59
AshokLeyland - Price ActionThe stock has several resistances lying ahead of it & it is sitting at a crucial resistance/support at 51.35.
Positive news:
1. Defense spending
2. Earnings coming up
3. Its British subsidiary made EV Buses delivery for London's equivalent of DTC/BEST; With Delhi's EV policy shaping up + Anti-China sentiments deeply ingrained; it's an Indian front-runner for supply of EV buses! Its a good portfolio pick in my opinion.
Buy above 52 for 52.6, 53.4, 55 with SL at 51.35
Refer the linked Fib levels idea for Fib Retracement levels.
Disclaimer:
These are NOT trading advice!
The intention is to gather feedback on them, so please drop in a comment if you find areas of improvement.
& If the idea makes sense to you - like it & share comments :)
ASHOKLEY - BEARISH TRIANGLEASHOKLEY - BEARISH TRIANGLE
Wait for the breakout.
Confirm it is clear breakout with volume
Buy with the help of technical indicators like macd , moving average, pivot points etc
Or you could wait for a retracement and buy at retracement (if it happens)
Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation. Trade at your own risk.
ASHOK LEYLAND ANALYSIS 11.08.2020BUY 51
TARGET 53 TO 57
ABOVE 53 ONLY POSITIVE MODE SO .IF IT OPEN GAP UP IT WILL COME DOWN WAIT FOR BETTER CONFORMATION.SU
clear indication of up trend . Chart pattern shows up trend.
positive growth of 30 % is observed since march 2020 , try to hold it for long term at least for 2020 december.
Disclaimer note: only for study and analysis purpose.
4h chart watch for pullback for 58 levels for buying opportunity4h chart watch for pullback for 58 levels for buying opportunity
only for educational purpose only
tgt 58 if pullback
Ashok Leyland Buy when a bullish reversal bar is formed post interaction with red trend line.
Price Levels:
Buy~47
Sell~61
