WAVE 1 : Wave 1 can be either a 5 Wave Sequence structure or a 3 Wave Sequence structure as well, but a 3 Wave Sequence comprises of two 5 Wave Impulse structure hence when Wave 1 is a 3 Wave Impulse WAVE 3 is supposedly way bigger than WAVE 1.(In the above pic also we see WAVE 1 is a 3 Wave Impulse structure.)
Let's Move to WAVE 2 . . .
WAVE 2 : Wave 2 and...
As per my analysis NSE:ASHOKLEY best entry level is 143.50.
Can hold positionally till targets of 151, 158 & 161
My stop loss will be 133.00
Note: This is my personal analysis, only for learning.
Thanks.
Hello
Welcome to this analysis about ASHOK LEYLAND , we are looking at daily timeframe perspectives. ASHOK LEYLAND is developing here that will be a decisive factor in the upcoming times. I discovered the main formation ASHOK LEYLAND is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how...
![ASHOKLEY: {ASHOK LEYLAND}:[{USING ELLIOT WAVE NOMENCLATURE}]](https://s3.tradingview.com/t/T288XWRO_mid.png "{ASHOK LEYLAND}:[{USING ELLIOT WAVE NOMENCLATURE}]")
