Short if sustains below 1423.
If goes upside instead of downside, wait for it to sustain over 1430.
If sustains under 1423, will expect till 1410.
If goes upside, 1440-1441 will be next hurdle.
Can look for shorting opportunities if it sustains under 690. Upside resistance is 700-705.
If it fills the gap made on 27-oct-19 opening, then chances are it can go up, otherwise will look for downside under 690.
Bearish divergence in last two weeks.
Says we can see downfall in next 4-5 sessions.
1st profit booking under 690 is 675. For upside sky...
HEAD & SHOULDERS PATTERN IN ASHOK LEYLAND
75-80 IS THE IMMEDIATE SUPPORT ZONE. IF SUSTAINS ABOVE 80 IN NOVEMBER THEN WE CAN SAY THAT THE TREND HAS CHANGED IN LONG TERM. OTHERWISE THE RALLY SHOULD CONTINUE DOWNWARDS.
BEARISH DIVERGENCE OVER PAST FEW DAYS NOW. SO THAT WILL HELP TOO.
IF IT SUSTAINS BELOW 75 OR OPENS GAP DOWN IN NEXT...