ASHOKLEY - BUY WITH A SL OF 59.6 AND A TARGET OF 91 BY MID-OCTOBER
NSE:ASHOKLEY Maintain #SL & TGT as mentioned in the chart
There are no recommendation to buy and sell on this stop. its just study purpose.
corrective pattern looks completer. expecting an upswing move. trade with care. thanks
Check out the new potential uptrend channel on Ashok Leyland
We're in the correction waves of Elliot with a perfect head and shoulders at the end of impulse. Another head and shoulders is seen in making which also completes the corrective waves. (Fundamentally company is cool, this is just the mood of investors captured by the Great Elliot
We're in the correction stage of the long term elliot wave in Ashok leyland. Perfect head and shoulders seen at the end of Elliot's impulse wave. Hence there can be two possibilities according to elliot wave (there can be more, is pointed two most probable) and this is Probability 1
#ASHOKLEYLAND CMP 102.9 Bias - Bearish SUBJECT TO BREAKDOWN OF 100 LEVELS. Weekly chart shows a perfect H & S pattern. Price at the neckline region with higher probability of breakdown. Breakdown of 100 possibly could be disaster for the stock. Pivot based ema oscillator is at a new 2 year low. Next major support seen in the region of 80-82. Camarilla S4 at...
Buy Ashok Leyland if you are long term investor. It has potential to give multi fold returns. Everything is good about company. Share price is lower and it is moving upward steadily.
PERFECT KBO SETUP LOOKING FOR 1:1 SMALL PROFITS
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 ...
There is a very high possibility that Ashokleyland is nearing a major 5 wave completion.As per my primary wave count we will form a top between 130 and 140 so watch out for an impulsive 5 wave fall to initiate trades . The alternate count is that we are in wave 3(3) in which case the price will push higher much beyond 200, but the probability of the alternate...
Unless we see closing above 95.6 on the daily chart, there is high probability that Ashok Leyland might go down to 84.5
Ashok leyland has formed a morning star pattern accompanied by good volume. It has traded within the downward channel for past few days. Any open above the trendline (around 91) can be seen as buying opportunity with a target of 95. I am still learning technical analysis. Please feel free to provide your views on my idea.
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.