Patience bears sweet rewards. Ashok Ley has been testing lot of patience but the time to reap rewards has come. With a SL below 160 one can go long for a target of 250.
Swing Trading Idea Ashok Leyland 1 to 3 months Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor...
Ashok Leyland will make breakout move once it cross down the support level of 90.85. Target 1 @ 88.85 and target 2 @ 87.30 maintain SL @ 93.00
See how value creates support and resistance zones for price. supply and demand and how the sellers position themselves at the value high and buyers at value low. Once these levels get broken, there is a change in supply and demand dynamics. As you can see in the chart it was broken with pinbar ( shown rejection). Long Ashok Leyland Target toward 50-53 Thanks
Nifty auto index is ready for golden crassover now its the time to buy Ashok Leyland. Target 100 1) target 95 2) target 100