ASHOKLEY trade ideas
Ashokley - Bullish Divergence SpottedStock may have taken support here from a down trend. Also Bullish divergence is there in RSI. This can be a swing trade if the support is proven to be correct.
Disclaimer :- Kindly do your own research before taking any position. Market is all about probability, maintain you SL stickily.
ASHOK LEYLAND The stock can give a good move up to the level of 145.
Buy - 134+
T1 - 137+ (By 07-02-2021)
T2 - 145+ (By 12-02-2021)
SL - 132
Triggers -
Better earnings are expected to be reported for Q3.
Announcement concerning scrappage policy in the Union Budget is considered good for the automobile's commercial vehicle segment.
Ashok Leyland at strong support and resistance level. A magical number of 100 has acted as a very strong support and resistance level in past. Price is ranging in that level since last few days. High point and low point around this flip are almost identical. Crossing and sustaining above this hurdle can give good move in mid to long term. For educational purpose.