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.
The price action within the strong consolidated symmetrical triangle breaks upside today that indicates bullishness. Target:91 Stoploss: 86.50
VERY GOOD DEMAND ZONE IN MONTHLY COINCIDING LEVEL!
It is been observed that the price action made double bottom and then broke out the consolidation at around 95 levels to get back in momentum. Good Buy for intraday.
RSI - feasible MACD - BUY Trend EMI - taking Support and we can expect bounce back
I'm not taking this trade, I just wanna see if my analysis is right or not. TGT = 95.5 - 96.00
ashok leyland buy 90 to 91 buy on dip 87 stoploss 85 target 104 107 110 TF 2 month
ASHOKLEY TO GO LONG tgt=95.5 - 96.5
ashok Leyland below 104.50 sell stoploss 107.50 target 99
ASHOK LEYLAND BUY 97 STOPLOSS 94 TARGET 105
Ashok leyland buy @ 101 stoploss 96 target 104.40 , 106, 108.110
ASHOK LEYLAND - Bullish Gartley/Butterfly - Go Long !
The stock has surprisingly gone up straight to a long distance with the bad financials. According to chart action, a selling or profit booking can be seen in this stock in 1-2 months. Currently, the chart can begin it is downward trend if it sees profit booking or selling at 94.50-95 levels.
Stock in process of completing bearish ABCD and we shall get PRZ around 109/110 zone, good place to short, RSI may go over bought there...watch out