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The chart is simple and self-explanatory. The stock has been following a trend since 2018. Even in times of pandemic, it refused to close below the trend line. Considering the fact, that the previous high will create a support to the price and also the price is in 0.382 Fibonacci support, there is a good chance to go long for a good reward to risk. Happy Trading...
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NSE:ASHOKLEY Ashok Leyland formed a classic cup and handle pattern. Buy range is between 150 - 152. Stop @ 140. Target 1 - 160, Target 2 - 170. Note: Buy only if the price closes above 150 on a daily time frame.
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