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Inverted head and shoulder on $ASHOKLEY
ASHOK LEYLAND LTD
Long
Inverted head and shoulder on $ASHOKLEY
By shridharrathi
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Nov 24
5
Nov 24
ASHOKLEY
The chart shows that a beautiful inverted head-and-shoulders pattern has been formed on NSE:ASHOKLEY.
Before pattern formation, there was a downtrend in the stock.
This is a reversal pattern.
Some of the key ratios:
ROCE: 15.0 %
ROE: 28.4 %
RoA: 4.42 %
EPS: 8.95
Stock P/E: 25.5
Industry PE: 18.8
PEG Ratio: 6.30
Disc -
1. I don't have a position in it yet, but I will build one today.
2. For educational purposes only.
educationalposts
Head and Shoulders
invertedheadandshoulders
shridharrathi
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