This 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.
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We can see a double bottom pattern on daily timeframe, can add up some quantity.
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We are up by 8.4% from buying price. It made a high of 9.4%. Stock looks quite strong, we can hold for our targets.
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currently, stock is in consolidation phase. Technicals look quite promising, so we can hold till targets.
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stock is still consolidating. Once 190 level is taken out we will see a sharp upmove.
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Accumulate as much as possible, even if you're looking for investment. This the best price.
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A strong marabozu candle on weekly timeframe shows incoming momentum. The stock can potentially rally now, hold for targets !!
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Achieved 15% ++ Hold for targets
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We are very close to our 1st target Price made a high of 19.5% ++
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