Multi Year Breakout for Ashokleyland from a range of rs. 35-165
The chart is self-explanatory as always :) ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too...
Ashok Leyland, one of India's leading commercial vehicle manufacturers, presents a compelling opportunity for swing traders. Reasons are listed below : Cup and Handle Pattern : The stock has formed a cup and handle pattern, indicating a potential bullish continuation. This pattern suggests a brief consolidation followed by a breakout, typically leading to an...
This chart reveals a harmonious convergence of price action and key indicators, suggesting a potential buy opportunity on the horizon. The stock has displayed remarkable strength, with patterns that indicate a possible upward trajectory. Reasons are stated below : price tested 168 levels twice on weekly tf and finally has come down to retest after a strong...
ASHOK LEYLAND on a Bullish breakout - 181 is monthly support on closing basis sl 180 on closing basis 2 Days left for the Monthly Closing
NSE:ASHOKLEY One Can Enter Now ! Or Wait for Retest of the Trendline (BO) ! Or wait For better R:R ratio ! Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low. 2. R:R ratio should be 1 :2 minimum 3. Plan as per your RISK appetite and Money Management. Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
um it is in uptrend in monthly (turn on log) and it made all time high in daily & broke it seems pretty good for swing
NOTE: I am not a professional investor; I have only two years of experience in stocks and investing. Please refrain from making any trades based on my chart analysis, as this is solely for community learning purposes.
On weekly timeframe Ashokley is breaking out of Flag and pole pattern. immediate target of 210 is expected Disclaimer:- This is my Analysis not a trade recommendation.
Breakout and train line support This is not buy and sell recommendation
ashok ley need to close above 190 weekly and the targets can be at least 50%
multi year bo retest ready for good upmove a b c d e f g h
cup & handle target given in chart. Note: Education purpose only
Patience bears sweet rewards. Ashok Ley has been testing lot of patience but the time to reap rewards has come. With a SL below 160 one can go long for a target of 250.
I taking a position according to my cap if my sl hit its jat .10 % of my cap so follow risk management sl 157
Technical analysis of Ashok Leyland for swing! If you want to appreciate my idea so hit the like button .
Ashok Leyland is around the medium support With the support EMA is also working and we are getting support around the same level Support levels are 155-160 We can see jump upto 210 level in coming weeks Thank You !! Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.