Ashok Leyland - Long above 100/-NSE:ASHOKLEY
As market corrects, it will be good opportunity if AshokLeyland corrects up to 100/- Buying would be suggested for 150/- to 170/- range
ASHOKLEY trade ideas
A bearish gartley is formed in ashok leylandashokley is trading at crucial levels, given a close above 130 in a weekly chart, view must be positive but as we can see a bearish gartley is forming so we should watch it on the first hour of trading. if it shows a fresh buying , then keeping a stoploss of 129. 50 in hourly closing a fresh target must be 135.5.
it must not breach 135.5 in a 4 hour candle close in coming week else a nervous buying can take this stock towards 150.
Ashokleyland can go long above 133.05Ashokley: Add to your watchlist
Entry only if it closes above 133.05 on daily basis
SL: 118
Target: 165 plus
ASHOK LEYLANDASHOK LEYLAND
WEEKLY CHART
FORMING CUP AND HANDLE
BULLISH TREND OF EMA
BULLISH MACD CROSSOVER
GOOD VOLUME
BULLISH RSI @ 63.86
BUY CMP @ 128
SL @ 107
TARGET @ 231
PLEASE FOLLOW AND LIKE FOR MORE IDEAS .
ASHOK LEYLAND Consolidation and BreakoutClear Uptrend with a Pole and flag pattern formation and breakout.
View about Ashok LeylandThe stock is good for long as from two days the volumes are increasing in stock as well as there is no weakness in the stock in lower time frame too.
Ashok LeylandDouble Bottom Pattern complete with Weekly BO>112
Targets
136 - Shoulders of H&S formed in 2017
167 - Head of H&S formed in 2017
Stop Loss - 83
Ashok Leyland LongGo long
Interesting momentum
Entry - 126
SL - bit deep at 100
at Impulsive wave already.
can also be a intra day player in the coming days, can see some momentum play.
Around it's second resistance If it breaks its second resistance it should be around its first resistance
Broken Symmetrical TriangleStock Analysis : Ashok Leyland has broken the sym triangle it is good to buy around on retest level on broken supply zone for the target given on the chart.
Let's see..
ASHOKLEY looking good for long positionGood breakout with volume...looking good at CMP 122.95...SL Below 105 DCB
Ashokleyland LongM and W RSI above 60
Bull flag breakout on weekly time frame.
Auto Sector performance improving on a Relative Basis compared to the Broad Market
Enter @ CMP
Initial Stop Loss: 116
Trailing stops with SuperTrend or Adaptive ATR
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Risk Disclosure
DISCLAIMER: Futures , stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures , stocks and options may fluctuate, and, as a result, clients may lose more than their original investment. The impact of seasonal and geopolitical events is already factored into market prices. The highly leveraged nature of futures trading means that small market movements will have a great impact on your trading account and this can work against you, leading to large losses or can work for you, leading to large gains.
If the market moves against you, you may sustain a total loss greater than the amount you deposited into your account. You are responsible for all the risks and financial resources you use and for the chosen trading system. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor.
All trading strategies are used at your own risk.
ASHOK LEYLANDBuy-115-110
SL-107 Below Closing Basis
Target-125-135-145
Time Frame-1-2 Months
Auto Sector Will Boom As The Decline In Covid Cases & Markets Are Looking Towards The Reopening..
