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...
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...
**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 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
Entry - above 184
Tgt - 211
Timeframe - 30-45 days
-- DISCLAIMER --
I am not a financial advisor or SEBI registered
This is just a view
Please DO YOUR OWN RESEARCH before investing in any stock
Happy trading
Peace
Stock in lower low, lower high formation.
Price breaks DEMA
Macd not indicate clearly move
RSI Bearish
Go for short 164 Target with small stoploss
RR very good
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations.
Ashok Leyland gave a powerful ATH breakout, trend is good as price making higher highs and higher lows, currently price retesting its breakout level on weekly TF.
If market conditions stays supportive, it can give an impressive bullish move.
Price has broke out of a cup with handle pattern and has retested the support.
Good to enter at CMP with its technical target at 300 and SL at 162.
Around 70% ROI in medium term with 9:1 R:R.
Robust fundamentals.
Do your own due diligence before taking any action.
Peace!!
Ashok Leyland has broken Cup & Handle pattern .
It looks bullish on weekly time frame.
Good entry point if it retest neckline.
It is not a recommendations, do your own research before entering in any stock.
Ashokley 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.
We can see a strong sentiment in Ashok Leyland Nifty Auto is down today but Ashok Leyland tested its previous resistance and took support today and climbed up with good move I think the stock will test its resistant at 156 in upcoming days as the stock is in the bullish momentum from past few days. Ashok Leyland might even go up above 156 if it breaks and takes...
