Ashok Leyland (Swing):Ashok Leyland (Swing):
AL has broken and retested a major resistance.
The script is set for a 50-60 % up move.
Appropriate support, resistance levels are highlighted with target.
Keep adding between 170-180 with a SL around 160.
Trade offers a RR of more than 1:6.
Note: Do your own due diligence before taking any action.
ASHOKLEY trade ideas
Ashok Leyland Aggressive Trade-> Ashok Leyland is making an inverse head and shoulder pattern at 1D at demand zone which also confluences with trendline support
-> Conservative entry only after this pattern is broken at 1D timeframe
-> For aggressive entry, there is another inverse head and shoulder pattern at 1H, we can go long after that is broken
-> It is a classic case of a pattern inside another pattern.
ASHOK LAYLAND Swing Levels NSE:ASHOKLEY Swing Levels
Wizard Levels/Zones
>Hey buddy, Wait for the price to close above or below-mentioned zones. Once the price closes above or below, SUPPORT becomes RESISTANCE and RESISTANCE becomes SUPPORT.
> If you're following these zones then kindly follow the rules too. Risk management, and Position sizing.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen, so kindly do your own analysis and my view. Thank you for your SUPPORT
ASHOKLEYLAND Levels for LONG-TERM NSE:ASHOKLEY IPS Levels for LONG TERM
Wizard Levels/Zones
>Hey buddy, Wait for the price to close above or below-mentioned zones. Once the price closes above or below, SUPPORT becomes RESISTANCE and RESISTANCE becomes SUPPORT.
> If you're following these zones then kindly follow the rules too. Risk management, and Position sizing.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen, so kindly do your own analysis and my view. Thank you for your SUPPORT
A perfect Midcap stock for samvat 2080**IT IS A LONGTERM IDEA**
Follow the FIVE rules below 👇
1)Book whole profit at TP if u want to free up capital.
2)Stoploss is when deathcross happened 3)Stick to strict stoploss exit when hit.
4)Wait as long as it hits TP 🎯.
5)Keep your capital allocation at your own risk(adv:not more than 10% of available cash)
**CHART IS SELF EXPLANATORY**
Ashok Leyand Ashok Leyand share Elliot Wave Analysis
This stock start first wave 1999 price 1.45 end this wave 2010 price 40 or wave second start down side 2010 to 2013 price come down 40 to 12 and again upside move start wave 3 12 ruppes price to 174 price end and again price come down 170 to 34 price
ASHOKLEY, breakout soonAshokley can soon touch 200+ once gives closing above 192.
Momentum trader should wait for 192++
While value investor and swing trader can buy every dip.
The auto sector has shown bullishness but Ashok has yet to contribute in the rally.
Disclaimer: just an educational advice not a buy or sell.