ASHOKLEY - WAIT FOR A GOOD TIME TO BUY. NO BUY ABOVE 33.8ASHOKLEY - A GOOD BUYING OPPORTUNITY AT LOW OF 33.8. SHOULD NOT BUY ABOVE
ASHOKLEY
ASHOKLEY - MORE PAIN LEFT FOR AUTO SECTORASHOKLEY - GO SHORT WITH A STOPLOSS OF 97 AND A TARGET OF 57 BY MARCH-END AND A FINAL TARGET OF 42. INTERESTINGLY ELLIOT AS WELL AS HEAD & SHOULDERS POINT TO THE SAME TARGET. CONVENTIONAL TA AND ELLIOT SEEMS TO BE IN SYNC
ASHOKLEY - BUY WITH A SL OF 59.6 AND A TARGET OF 91 ASHOKLEY - BUY WITH A SL OF 59.6 AND A TARGET OF 91 BY MID-OCTOBER
#ASHOKLEYASHOK LEYLAND
Sector: Consumer Cyclicals
Industry: Auto & Truck Manufacturers
Employees: 11835
Ashok Leyland Limited is a holding company. The Company is engaged in Commercial vehicles and related components. Through its subsidiaries, it is engaged in manufacturing and trading in Medium and Heavy Commercial Vehicle, Light Commercial Vehicles, Passenger vehicles, automotive aggregates, vehicle financing and engineering design services. It offers a range of 18 to 80-seater buses under categories, such as city application and electric buses. It offers a range of trucks, which include long haul trucks, mining and construction trucks, and distribution trucks. It designs, develops and manufactures defense vehicles for armed forces. It offers Light Vehicles, which include DOST, PARTNER, STiLE and MiTR. It offers power solutions for electric power generation, agricultural harvester combines, earth moving and construction equipment, and marine and other non-automotive applications. It has operations in India, Sri Lanka, Bangladesh, Mauritius, the Middle East and Africa.
Critical Time For ASHOK LEYLAND's Tour To The SouthAshok Leyland LTD (NSE: ASHOKLEY) is about to go south as it is very close to triggering a Bearish Move as per TTC Breakout Formation . The Critical Make-Or-Break Zone is at around 123 . If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers taking it further down.
For Short-term targets, Trader should eye on 120 Zone . Then 116 is the next support. For Swing Traders, 109 Zone is Very Critical. Below which we can see a good amount of selling.
Ashok Leyland is an Indian automobile manufacturing company headquartered in Chennai, India. It is owned by the Hinduja Group. Founded in 1948, it is the 2nd largest commercial vehicle manufacturer in India, 4th largest manufacturer of buses in the world and 12th largest manufacturer of trucks globally. Operating nine plants, Ashok Leyland also makes spare parts and engines for industrial and marine applications.
Short Ashok LeylandUnless we see closing above 95.6 on the daily chart, there is high probability that Ashok Leyland might go down to 84.5
AshokLey Buy Setup!!Ashokley is all set to go higher from current levels. One can go long on the stock at current levels with stoploss just below 80 levels and targets around 88.5 / 90 levels.
Possible bottom in Ashok LeylandIt seems that Ashok Leyland has completed a Flat pattern with an extended c wave (c=1.618*a). It can be longed with a small SL of yesterday low for new highs. Further confirmation would be above the UTL.
Ashok Leyland - Breaking Out Intraday Bull CallIt is been observed that the price action made double bottom and then broke out the consolidation at around 95 levels to get back in momentum. Good Buy for intraday.
ASHOKLEY to GO UP ShortlyI'm not taking this trade, I just wanna see if my analysis is right or not.
TGT = 95.5 - 96.00
