Ashok Leyland - BreakoutAshok Leyland has given a super-strong breakout from triangle like pattern. Volume is also extremely strong. A small pullback would be a good entry.
Disclaimer- we are holding the share from lower levels, added positions on breakout as well.
Targets - 145.
Note - This material is only for informational purposes, please do your own risk management prior to taking positions.
ASHOKLEY trade ideas
A bearish gartley is formed in ashok leylandashokley is trading at crucial levels, given a close above 130 in a weekly chart, view must be positive but as we can see a bearish gartley is forming so we should watch it on the first hour of trading. if it shows a fresh buying , then keeping a stoploss of 129. 50 in hourly closing a fresh target must be 135.5.
it must not breach 135.5 in a 4 hour candle close in coming week else a nervous buying can take this stock towards 150.