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Ashokleyland

Ashok Leyland looking attractive on charts. Ashok Leyland Ltd. engages in the manufacture and sale of commercial, defense vehicles, and power solutions. Ashok Leyland’s Closing price is 121.97. Dividend Yield @CMP = 2.60%. The positive aspects of the company are Companies with decreasing Promoter pledge, Annual Net Profits improving for last 2 years, MFs increased their shareholding last quarter and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are High Valuation (P.E. = 23.2), Companies with High Promoter Pledge, Declining Net Cash Flow : Companies not able to generate net cash, Companies with High Debt and Companies with growing costs YoY for long term projects. Entry can be taken after closing above 123.5 Historical Resistance in the stock will be 126 and 131. PEAK Historic Resistance in the stock will be 142 and 150. Stop loss in the stock should be maintained at Closing below 114 and 100 depending upon your risk taking ability. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:ASHOKLEYLong
by Happy_Candles_Investment
Analysis for Ashok Leyland Price has formed a Fresh Monthly Supply which is a Source We have a fresh Quarterly Demand which is a Destination for the downtrend. We have divided the Supply to Demand Equilibrium into 5 parts giving us an understanding of where are we on the Curve. Price reacted to the Monthly Source Supply and has violated its previous low which confirms the momentum in the downward direction. Now we have a fresh Supply formed in Weekly chart which is a trade Supply. This a Short position for Reward of 3 against risk of 1.
NSE:ASHOKLEYShort
by WavesandZones
SWING IDEA - ASHOK LEYLANDThis chart reveals a harmonious convergence of price action and key indicators, suggesting a potential buy opportunity on the horizon. The stock has displayed remarkable strength, with patterns that indicate a possible upward trajectory. Reasons are stated below : price tested 168 levels twice on weekly tf and finally has come down to retest after a strong breakout 0.382 Fibonacci level support 50EMA support on daily tf formed 2 hammer like candles with a long wick indicating a buy-push ASHOK LEYLAND is a fundamentally strong stock on which we can rely. this seems to be a golden opportunity to buy this gem. TARGETS - 207 // 233 // 260 // 300 SL - 154 thank you.
NSE:ASHOKLEYLong
by Visionary_Growth_Insights
4
SWING IDEA - ASHOK LEYLANDAshok Leyland, one of India's leading commercial vehicle manufacturers, presents a compelling opportunity for swing traders. Reasons are listed below : Cup and Handle Pattern : The stock has formed a cup and handle pattern, indicating a potential bullish continuation. This pattern suggests a brief consolidation followed by a breakout, typically leading to an upward trend. Breakthrough of Resistance Zone : The 160-level was a strong resistance point, but the price broke through it, retested, and is now forming new higher highs, indicating a continuation of the upward trend. Bullish Marubozu Candle on Weekly Timeframe : This candle, characterized by a lack of upper and lower shadows, suggests strong bullish momentum and consistent buying pressure. Breaking a Long Consolidation Phase : Ashok Leyland has broken out of a consolidation phase that lasted for 6 years, signaling a significant change in market sentiment and a potential start of a new bullish phase. Weekly Engulfing Candle : The weekly engulfing candle has enveloped the price action of the past 40 weeks, indicating a substantial shift in momentum and suggesting further upward movement. 0.5 Fibonacci Support : The 0.5 Fibonacci retracement level provides strong support, indicating that the price might continue to rally after retracements or dips. 50 EMA Support on Weekly Timeframe : The price is above the 50 exponential moving average, providing additional support and confirming the upward trend. Trading at All-Time High : Ashok Leyland is currently trading at an all-time high, indicating strong bullish sentiment. However, traders should be mindful of potential pullbacks or overbought conditions at such levels. Target - 215 // 250 // 300 StopLoss - weekly close below 160 Disclaimer : Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:ASHOKLEYLong
by Visionary_Growth_Insights
2
ASHOKLEY: Buy Signal and OB Support Ahead of Earnings Event 🚀📉Dive into the dynamic market landscape as we spotlight compelling opportunities surrounding Ashok Leyland (ASHOKLEY). NEOALGO's analysis unveils a promising scenario with a recent buy signal and robust support from an order block, complemented by an upcoming earnings event. The convergence of a buy signal and support from an order block signifies a potentially favorable market sentiment for ASHOKLEY. As investors consider their strategy, the anticipation of an earnings event adds an intriguing layer to the stock's narrative. It's essential to approach with diligence. While these insights offer valuable perspectives, NEOALGO is not SEBI registered. Investors are encouraged to conduct thorough research, understanding that their decisions directly influence their profit or loss. Navigate the markets with confidence, explore the opportunities presented by ASHOKLEY, and strategize wisely based on our detailed analysis. 📈💼 #ASHOKLEY #BuySignal #OrderBlockSupport #EarningsEventInsights
NSE:ASHOKLEYLong
by NEOALGO_PRO