Can give breakout today. If Long : Target 82.80 If Short : Target 75.35
If it take support from the trend line, it will move to uptrend to reach its resistance level and we can see the levels of 91 in November to December.
Ashok Leyland is forming a huge H&S pattern on daily. It will come down to create a right shoulder and then backup up to 130.
ASHOKLEY - GO SHORT @ 48.9 WITH A SL OF 51.3 AND A TARGET OF 32. TARGET SHOULD BE ACHIEVED BY 20 MAY 2020.
ASHOKLEY - A GOOD BUYING OPPORTUNITY AT LOW OF 33.8. SHOULD NOT BUY ABOVE
ASHOKLEY - GO SHORT WITH A STOPLOSS OF 97 AND A TARGET OF 57 BY MARCH-END AND A FINAL TARGET OF 42. INTERESTINGLY ELLIOT AS WELL AS HEAD & SHOULDERS POINT TO THE SAME TARGET. CONVENTIONAL TA AND ELLIOT SEEMS TO BE IN SYNC
ASHOKLEY - BUY WITH A SL OF 59.6 AND A TARGET OF 91 BY MID-OCTOBER
ASHOK LEYLAND Sector: Consumer Cyclicals Industry: Auto & Truck Manufacturers Employees: 11835 Ashok Leyland Limited is a holding company. The Company is engaged in Commercial vehicles and related components. Through its subsidiaries, it is engaged in manufacturing and trading in Medium and Heavy Commercial Vehicle, Light Commercial Vehicles, Passenger vehicles,...
Check out the new potential uptrend channel on Ashok Leyland
Ashok Leyland LTD (NSE: ASHOKLEY) is about to go south as it is very close to triggering a Bearish Move as per TTC Breakout Formation . The Critical Make-Or-Break Zone is at around 123 . If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers taking it further down. For Short-term targets, Trader should eye on 120 Zone . Then ...
Unless we see closing above 95.6 on the daily chart, there is high probability that Ashok Leyland might go down to 84.5
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.
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.
I'm not taking this trade, I just wanna see if my analysis is right or not. TGT = 95.5 - 96.00
ASHOKLEY TO GO LONG tgt=95.5 - 96.5