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Mar 25, 2024 9:27 AM

ASHOK LEYLAND MULTIYEAR BREAKOUT Long

NSE:ASHOKLEY1D
ASHOK LEYLANDNSE

Description

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Multi Year Breakout for Ashokleyland from a range of rs. 35-165

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TRADE: Entered Half Risk @175 with SL Of 158

REASON TO TRADE: As it broke from a multiyear consolidation from Nov 2014 to July 2023 price range of 35-165 indicating accumulation over these years

DEFINED SL@ 158 on a daily closing basis.

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TRADE: Added same quantity @161 SL 157

REASON TO TRADE: Added same quantity as it took support near the breakout zone and previous breakout being defended. Thus average purchase price has come down.

DEFINED SL@ 157 on a Daily Closing Basis

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TRADE: Added 20% quantity @197.5 SL 160

REASON TO TRADE: Added 20% quantity as it took support near the breakout zone and previous breakout being defended.

DEFINED SL@ 157 on a Daily Closing Basis
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