weekly support resistance pennat pattern form in ashokley strong @113 support from last 3 month way to long view
PLease observe this chart and shre your views
All levels are mentioned on chart. Happy Trading :)
Ashok leyland is showing a very nice wave formation at current level it looks like we have completed wave A and heading for wave B which has 3 wave in it and two waves already over and now we are heading for the third wave which is trade able for a very short target of 127 but if the whole ABC correction is over than we are heading for bigger Wave 3 which can...
Possible breakout to upside:- Buy near Rs- 125 for the range of Rs 140 price only if bullish reversal candle forms.
Go long for target 87-95-105 with tsl 60
please buy ashokleyland above 93.85 tgt 96 and 97.80 sl is 1 point only . use pivots for tgt and sl
It is a Weekly Chart. Around the zone of 100 is an intersection of a few resistances, so it is better to enter above 101. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. Always keep a stop loss to rescue you out of troubles. So kindly express any disagreement & improvements so that we learn & earn...
Ashokleland can go long after breakout from this trendline 30min
ashokleland ready to go fly
Ashok Leyland has seen a good bounce back. All the mis conception of commerical vehicle sales slowing down seem to be negated. With the covid vaccine launch any time soon the demand for cold storage vehicles will drastically shoot up to make sure the vaccine reaches every corner of the country. Buy with a target of 124 for now and watch out for more based on the trend.
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.