ASHOKLEY trade ideas
ASHOL LEYLANDNSE:ASHOKLEY
IF PRICE BREAKS THE TREND LINE THEN WE CAN SEE THE PRICE BELOW MARKED ON CHARTS
Reminder for ASHOKLEY long 46.6Trade Setup 1.:-
Buy above 45.5 for 1-target 51.45 nearby
suppose to buy in range 46.4 to 46.9 (low )
Very low risk
Trade Given :
Ashok Leyland - LongAshok Leyland -
Buy above @ 45.50
Trg 1 - 55
Trg 2 - 65
SL - 40
Disclaimer: Kindly do your own analysis before executing the trade
Ashok Leyland Longterm analysisEven though Ashok Leyland doesn't fit our investing framework, posting this in case it will be useful for already invested investors
Trade Setup on ASHOK LEYLAND...!!!CMP 47.5
Lower Bound at 46
Decisive level 45.5
Trade Setup 1.:-
Buy above 45.5 for 1-target 51.45 nearby
suppose to buy in range 46.4 to 46.9
Very low risk
Trade Setup 2.:-
Sell with stoploss of 49.15 above closing bias.
suppose to sell 48 nearby and target 42.5/40.5 and more
Very low risk
Choose on of your best Trade Setup for you from chart identifying.
ashok leyland has formed a triangle patternPlease wait for the pivot point to act as a support and wait for the triangle breakout to take a good entry.Also watch and observe nifty.
Ashok Leyland: Rough road aheadAshok Leyland
Observation
- Multiple resistance between 54-57 & then around 63 levels
- before September, it could be extremely difficult to cross the red zone
- below 47.65 target 45.50
- if Ashok Leyland starts trading below the green line, then it may be indication of further weakness & we may witness a quick fall towards 38-36 levels.
One may consider selling Ashok Leyland on rise especially around 55 odd levels or once it breaks 47.65
Alternatively one may consider selling Ashok Leyland 28-May-2020 Call option
Strike Price: 60
Price between 1.3 - 1.6
Lot size 8000
Target : 0.3 / 0
Time frame till 28 May 2020
Take care & safe trading...!!!
ASHOK LEYLAND - Positional shortWe will open with gap down on Monday as AL react from 38.2% retracement level of recent fall as seen in chart. Positionally we can short AL with stop loss 54 for Tgts 47.05/44.80/40.65/37.75/32..
ASHOK LEYLAND trading inside the channelIts clearly trading inside the channel respecting the support and resistance with RSI above 50 level
Vol. Breakout move in Ashok LeylandParallel Channel with volume breakout happening and long future buildup and OI.
Ashok Leyland trading in DECISIVE zone for further direction:
1. up-break with vol. else it will be speculation and dont' go long
2. or follow the parallel channel for correction.
If price is continue to rise with volume follow the price parallel channel , the first target is at 55 as 55.26 is 50 EMA resistance line.
Regards
AHOKLEY Fibonacci Retracements in this 2year downfall.On weekly chart we can see that it has retraced 50% twice.
it has retraced alomost 100%.
Now it has retraced almost 38% which is at 53 level, i.e today it touched 50.4 levels. considering the economic situation it is difficult to retrace 50% level. if nifty support it can do so.
