For today we will look to: Buy Above 83.5 T1: 87 SL: 82 RR: 1:2.5
first Breakout have the confirmation second breakout have the entry Rsi was in favour and convincing Close up
Little targets 75/77 Main Stop loss at 69 *Disclaimer : I just shared my view. Please analyze and proceed with your comfortable views.
Ashok Leyland has taken support on Trend Line It has good long term support @ Rs.75. RSI has bounced @ 60 in Sep 2020 and since then it has shown support. Seems like a good buy for long term if it consolidates at Rs.75 or at next bounce of RSI @ 60.
Target 69/71. Main Stop Loss in 63
Ashok Leyland looks good for short time buy entry @CMP for targets of T1-86,T2-98 with SL of 72
Close above resistance with huge volume indicating possible upmove. Go long for target 77.40 , cmp - 61.10 with stoploss of 53 (trailing) Swing/Short
Short Term Cash Buy ASHOKLEY @74.70-75.10 SL 73 TGT 78.50 Above VWAP 73.25 on 30min chart + ichimoku cloud break out at 68.50 + MACD cross over + Next resistance is 77.95 so book around that level.
Ashok lay Daily short 63.2-66 Origin of a big drop with a gap, so high probability trade. Ashoklay given 2 days exciting moves after quarterly result out(even though it was not so good) . After the rally in price in these 2 days, 3 rd day it also shoots up till that daily supply around 64, and from there price started to came down, so far it has broken a 5...
It is rising from the bottom channel testing the support and starting to move up, perfect buy location with the target of upper channel line
SWING TRADE FOR ASHOKLEY. TIME HORIZON (1-15) DAYS BUY AROUND 49-49.1 TARGET AROUND 52 STOP LOSS 47
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
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
Take entry after the breakout, target by our own
ASHOKLEY (Ashok Leyland Ltd) BUY ABOVE 82