ASHOKLEY trade ideas
Rising from the bottom channelIt is rising from the bottom channel testing the support and starting to move up, perfect buy location with the target of upper channel line
Ashok Leyland Short TermMonthly: Bearish
Weekly: Bearish
Daily: Bullish, 75M: Long on BO of trend Line (Swing Trade).
Ashok Leyland bearish soon...Ashok Leyland is very good to short sell as soon as it breaks down the trend line.
Look into Ashok leyland NSE Weekly chart It's about to break out this week or may be next week .Analayse and grab it after confirming the closing candle
Possible UPSIDE - Above 52 Trgets and S.L Targets and S.L on yellow lines.
15 Min Chart - Stock RSI .diverging ( Not diverged yet , early entry can get better profits but carries higher risk).
AshokLeyland - good opportunityGood opportunity though auto sales are lagging numbers but once the pandemic is over auto sector would perform.
ASHOKLEY SHORT TERM SWING TRADE SWING TRADE FOR ASHOKLEY. TIME HORIZON (1-15) DAYS
BUY AROUND 49-49.1
TARGET AROUND 52
STOP LOSS 47
Ashok Leyland Buy Setup, Buy above todays High , Pref entry 50.5Ashok Leyland Buy Setup, Buy above todays High , Pref entry 50.5.
R:R 1 : 2.5.
Trade only above 50.5 Target 58-60-Open
S.Loss 47.75-50
Tech Indicator : Stock RSI forming buy : Day Chart
SWING TEADE - stock uptreand .buy at the dip of the market AS the stock is in uptreand and making higher high .buying at the dip of the stock and target would be the previous higher high
Ashokley At support level of trendlineHave an eye on ASHOKLEY price action on 1-July-2020 on daily closing basis, if it takes support at this level it can rally further. it has fallen 20% from it's peak.
