ABC form is very clear, which is happened
on US election
if am not wrong to find the counts.
market will give huge down soon
anyway we small have correction for
next few more days
This is a bullish indicator....Trg-92
Ashokley is all set to go higher from current levels. One can go long on the stock at current levels with stoploss just below 80 levels and targets around 88.5 / 90 levels.
It seems that Ashok Leyland has completed a Flat pattern with an extended c wave (c=1.618*a). It can be longed with a small SL of yesterday low for new highs. Further confirmation would be above the UTL.
The price action within the strong consolidated symmetrical triangle breaks upside today that indicates bullishness.
It is been observed that the price action made double bottom and then broke out the consolidation at around 95 levels to get back in momentum. Good Buy for intraday.
RSI - feasible
MACD - BUY Trend
EMI - taking Support and we can expect bounce back
I'm not taking this trade, I just wanna see if my analysis is right or not.
TGT = 95.5 - 96.00
ashok leyland buy 90 to 91
buy on dip 87
target 104 107 110
TF 2 month
ASHOKLEY TO GO LONG tgt=95.5 - 96.5
VERY GOOD DEMAND ZONE IN MONTHLY COINCIDING LEVEL!
below 104.50 sell
sell ashoklyl for target of 89