Ashok Leyland_Short Term TargetAshok Leyland_Short Term Target
Head & Shoulder Pattern.
Ideas for this are welcome
ASHOKLEY trade ideas
ASHOK LEYLAND Trend AnalysisThe second-largest Commercial Vehicle manufacturer in India.
Already manufactured 40 electric buses for Chandigarh which will be operated under Switch Mobility Automotive Ltd.
The high cost and range of EVs are the barriers unless every state govt. plans to start their fleet of EV buses and battery tech evolves with proper charging infrastructure.
Private players will be the last to switch from ICE to EVs unless govt. gives better subsidies.
As per FAME India scheme , the incentive is linked to battery capacity i.e. Rs.10,000/KWh for e-2W, e-3W and e-4W.
Then comes the flex fuel engines which will bridge that gap meanwhile considering no charging infrastructure developed as of now, which may develop by 2030 to sustain EVs ecosystem.
I don't see any good reason to buy such over valued stocks considering their fundamentals just because of EV hype.
Fundamentals are not good though turn around potential might happen in future if sales improve with reduction in debt.
OPM% came lower on account of steep rise in raw material cost.
I don't want to copy paste the data which are readily available at screener.in to keep my posts short and to the point, kindly check the fundamentals there.
Technically price is heading towards its resistance level around 150 with decline in volume and potential divergence with awesome oscillator.
Though it looks like reverse Head & Shoulder pattern, it is just an extended pullback (X wave of WXY correction).
Accumulate around 70-80 levels as it lies at the Golden FIB with confluence of trendline support and edge of the pitchfork.
Short term swing target @ 120 (55% ROI with 3.47 R:R)
Medium term positional target @ 185 (139% ROI with 8.76 R:R)
Long term positional target @ 270 (249% ROI with 15.67 R:R)
Stop loss @ 65 (Optional)
Every detail I wrote here are my views only. Do your own due diligence before taking any action.
Peace!!
ashok leyland - bullishashok leyland making an inverted head and shoulder pattern on the weekly basis. We may see breakout above 140 levels, can move towards 160 - 190 levels, watchout for it.
Disclaimer : this is my personal view please contact your analyst before taking position.
H&S IN ASHOK LEYLANDHigh volume indesition candle is formed towards breakout of head and solder with multitouch resistance..
Ashok Leyland Wedge BreakoutOn Daily TF, a wedge breakout has been observed. We may see an upward rally in this stock. Besides that, Ashok Leyland reported very good results beating expectations.
Disclaimer: This is not an investment/trading advise, consult your financial advisor before making any investments.
Educational view / Expecting this / Ashok ley landDisclaimer:- This is not A BUY OR SELL recommendation. please Consult with your financial advisor or with broker before taking any trade,
this post is for educational purpose only . warning :- do not jump directly or do not copy my trades
DO your analysis properly
Buy Long Ashok Leyland at 130 for Target of 150,SL -127NSE:ASHOKLEY Flag pattern break out with high volume, expected returns-15.38%
Ashok ley land (just for education purpose)Ashok leyland took support on daily time frame trend line
Buy ashok leyland at 127
For the targey of 132 138 142
with the stop loss of 123
Ashok leylandAshok Leyland @ 142 look very good for 160-165 target for sl 134 risk reward is 1:2 to 1:3.......
Ashok Leyland TrendAshok Leyland 95 very good support
if break out below it will come 87
but if break out strong support 87 i expect freefall
Ashok Leyland Break outguys, Ashok leyland is facing corrections now as the Head & shoulder pattern neck line is broken this week. The expected support zone is between 85 to 80.
Any momentum generated after 90 would be greater potential to bounce back so there are buying and accumulation opportunity available there.
Breakout in ashok leylandBuy above the trendline breakout
That is 138
Targets 141/144
Stoploss 136.50
ASHOK LEYLAND LOOKING WEEK ON CHARTSAshok Leyland formed a hanging man candle on Daily charts which is a bearish one.
Meaning of Hanging Man: elearnmarkets.com/blog/hanging-man-candlestick-pattern/
So it may come down till 130-125.
Ashok Leyland Hello dosto ashok Leyland 133 pr lena he after breakout or sl rkhna he 113 ka or target 162 ka ho jayega i hope apko mera idea analysis achi lagi hogi thank you
Ashok LeylandChart showing strong long run for ashok layland and because of DT and now it's retracing now..
#Ashok Leyland bullish harmonic#Ashok Leyland bullish harmonic
PRZ-109-106
SL-72
CMP:126 @ 15 December 2021
Swing Trading Idea Ashok Leyland 1to 3 monthsSwing Trading Idea Ashok Leyland 1 to 3 months
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
BUY ASHOK LEYLAND AROUND 125 TGT 136 / 152 SL BELOW 112 The stock had been taking support at the above mentioned price action line which is also supported by 50 week moving average which will act as huge support on short term basis. Also the stock has given a breakout above 20 week moving average which is good breakout considering the up coming Diwali session and auto sector can see some good sales volume.
ASHOKLEY 1WNSE:ASHOKLEY
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Bullish flag pattern in Ashok LeylandFlag pattern is formed in chart which is supposed to go bullish on breakout.
ASHOK LEYLANDIt has given a breakout after a sideways corrective. In the short term it could rally till 155-160 while in the medium term stock looks good for a possible 225. Short term stop loss for this breakout is at 141
