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ASHOK LEYLAND LTDASHOK LEYLAND LTDASHOK LEYLAND LTD

ASHOK LEYLAND LTD

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ASHOKLEY trade ideas

ASHOKLEY NSE BULLISH FLAG&POLE DTF/WTF SWING/POSITIONAL ASHOKLEY NSE Stock Analysis Trade Plan: Entry: 50% of the total quantity at 216 DTF Close, with an additional 50% added at 242 DTF Close Price. Stop Loss: 201 Target SWING: 264 ATH , Target 1: 275 Target 2: 310 Hold for a period of SIX months to TWO year or until the target 2 is reached. Chart Pattern: The stock had a nearly Four Month Bullish Run and now Retraced to 50% FIOBR in about a month Forming a Bullish Flag and Pole Pattern ,during the bull run it touched an all-time high (ATH) of 264. The Flag structure has been broken on the upside with a strong bullish candle a couple of days ago and a fair retracement yesterday. Technical Indicators: The stock’s daily timeframe (DTF) shows that the price is currently trading above the 20-day exponential moving average (EMA) and below the 50-day EMA. The EMAs are in Transition stage of alignment. A potential bullish trend in formation on the DTF/WTF timeframe. Volume Analysis: There has been a surge up of volumes on the buy side for a few weeks now. There Decline in the sell volume indicating a potential reversal shortly. Prioritize Watch List: Keep this stock in your watch list for further analysis and potential trading opportunities. Disclaimer: This information is solely for educational and reference purposes. Trading inherently carries risks, and it’s crucial to exercise caution and conduct comprehensive research before making any investment decisions. Make sure you have a well-defined risk appetite, proper position sizing, and a stop-loss order based on your risk tolerance. Review your Portfolio periodically. Exit positions when the price closes 7-8% below your entry point or Earlier basis your Risk profile. Consider re-entering the market when the trend reverses.Before engaging in any trading activities, it is paramount to thoroughly comprehend these technical analysis concepts and conduct extensive research on the stocks you are interested in. Furthermore, consulting a certified financial advisor can offer valuable insights and guidance before making investment decisions. Technical Analysis Concepts: Multiple Time Frame Analysis (MTFA): Daily Time Frame (DTF): Used for short-term analysis and identifying trends. Weekly Time Frame (WTF): Provides a broader perspective and helps in trend confirmation. Monthly Time Frame (MTF): Ideal for long-term analysis and trend analysis. All-Time High (ATH): The highest price reached on a specific chart. Lifetime High (LTH): The highest price reached over the entire chart’s history. Stop Loss (SL): A predetermined price level at which an investment is automatically exited to limit potential losses. Swing Trade: A trading strategy that involves holding positions for a significant period, typically few weeks to months. Positional Trade: A trading strategy that aims to capitalize on long-term trends and position oneself accordingly. CHART PATTERNS Rounding Bottom Cup/Handle (RBC&H): A pattern that signals a potential reversal from a downtrend. Breakout (BO): A price move closure above a resistance or below a support level. Flag & Pole BO: (F&P BO) Bullish Continuation Pattern Consolidation : Price Typically Swings between a Range for a period of Time Long or Short basis the MTFA. Breaking out of this range UPWARDS is an opportunity to BUY and DOWNWARDS is SELL opportunity. Moving Averages: Exponential Moving Average (EMA): A popular moving average that places more weight on recent price data. Volume-Weighted Moving Average (VWMA): A moving average that gives more weight to high-volume stocks. Fibonacci Retracement/Extension: Trend-based Fibonacci Retracement: Used to identify potential support and resistance levels during re-tracements. Trend-based Fibonacci Extension: Used to identify potential breakout levels during extensions.
NSE:ASHOKLEYLong
by billpramod
Analysis for Ashok Leyland Price has formed a Fresh Monthly Supply which is a Source We have a fresh Quarterly Demand which is a Destination for the downtrend. We have divided the Supply to Demand Equilibrium into 5 parts giving us an understanding of where are we on the Curve. Price reacted to the Monthly Source Supply and has violated its previous low which confirms the momentum in the downward direction. Now we have a fresh Supply formed in Weekly chart which is a trade Supply. This a Short position for Reward of 3 against risk of 1.
NSE:ASHOKLEYShort
by WavesandZones
Technical Analysis of Ashok Leyland Ltd (ASHOKLEY)Technical Analysis of Ashok Leyland Ltd (ASHOKLEY) Disclaimer: This analysis is based solely on the Technical Analysis of the stock and does not constitute financial advice. Always consult with a financial advisor before making any investment decisions. Key Observations from the Chart: Uptrend: The overall trend appears to be bullish, with the price consistently making higher highs and higher lows. Support and Resistance Levels: Support: The 200-day EMA (250.56) is a significant support level. A break below this level could indicate a potential reversal. Resistance: The 1.618 Fibonacci extension (292.20) is a key resistance level. A break above this level could signal a stronger uptrend. Relative Strength Index (RSI): - The RSI is currently hovering around 53.59, which is neither overbought nor oversold. This suggests that the market is relatively balanced. Fibonacci Retracements: -Fibonacci retracements have been drawn to identify potential support and resistance levels. The 0.382 retracement (247.80) and 0.618 retracement (230.85) are potential support levels. Potential Outlook: - Based on the current technical analysis, Ashok Leyland Ltd appears to be in a bullish uptrend. However, it's important to monitor the following factors: Breakout: A break above the 1.618 Fibonacci extension could signal a stronger uptrend. Breakdown: A break below the 200-day EMA could indicate a potential reversal. Market Sentiment: Keep an eye on broader market conditions and any company-specific news that could impact the stock price. Note: Technical analysis is just one tool in the investment toolbox. It's essential to consider other factors, such as fundamental analysis, before making investment decisions because I am not SEBI registered person to suggest any stock. This is my personal opinion only for educational purposes. We are not responsible for your loss. Thanks for your support as always
NSE:ASHOKLEYLong
by ForexTrader4all
SWING IDEA - ASHOK LEYLANDThis chart reveals a harmonious convergence of price action and key indicators, suggesting a potential buy opportunity on the horizon. The stock has displayed remarkable strength, with patterns that indicate a possible upward trajectory. Reasons are stated below : price tested 168 levels twice on weekly tf and finally has come down to retest after a strong breakout 0.382 Fibonacci level support 50EMA support on daily tf formed 2 hammer like candles with a long wick indicating a buy-push ASHOK LEYLAND is a fundamentally strong stock on which we can rely. this seems to be a golden opportunity to buy this gem. TARGETS - 207 // 233 // 260 // 300 SL - 154 thank you.
NSE:ASHOKLEYLong
by Visionary_Growth_Insights
4
SWING IDEA - ASHOK LEYLANDAshok Leyland, one of India's leading commercial vehicle manufacturers, presents a compelling opportunity for swing traders. Reasons are listed below : Cup and Handle Pattern : The stock has formed a cup and handle pattern, indicating a potential bullish continuation. This pattern suggests a brief consolidation followed by a breakout, typically leading to an upward trend. Breakthrough of Resistance Zone : The 160-level was a strong resistance point, but the price broke through it, retested, and is now forming new higher highs, indicating a continuation of the upward trend. Bullish Marubozu Candle on Weekly Timeframe : This candle, characterized by a lack of upper and lower shadows, suggests strong bullish momentum and consistent buying pressure. Breaking a Long Consolidation Phase : Ashok Leyland has broken out of a consolidation phase that lasted for 6 years, signaling a significant change in market sentiment and a potential start of a new bullish phase. Weekly Engulfing Candle : The weekly engulfing candle has enveloped the price action of the past 40 weeks, indicating a substantial shift in momentum and suggesting further upward movement. 0.5 Fibonacci Support : The 0.5 Fibonacci retracement level provides strong support, indicating that the price might continue to rally after retracements or dips. 50 EMA Support on Weekly Timeframe : The price is above the 50 exponential moving average, providing additional support and confirming the upward trend. Trading at All-Time High : Ashok Leyland is currently trading at an all-time high, indicating strong bullish sentiment. However, traders should be mindful of potential pullbacks or overbought conditions at such levels. Target - 215 // 250 // 300 StopLoss - weekly close below 160 Disclaimer : Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:ASHOKLEYLong
by Visionary_Growth_Insights
2