AshokLey, 200 DMAI covered this stock consistently several weeks back. Now price has come down to a level which meets certain technical criteria. 200 DMA decides the future course of a stock. If this level is respected, intermediate target can be 151. So risk to reward ratio is attractive.Longby ParimalDevnath2
AshokLeylandCount the profit, anyone there please!!! Now 119-118 can be the target provided 200 DMA that is 128 does not work as a speed breaker. Jay Ho!! Shortby ParimalDevnath2
AshokLeyAs said in the previous posts, price below 159-62 is nearing towards 149 and now may see 144-42 levels.Shortby ParimalDevnath1
AshokleylandHalting at 160. So if this level is broken down and tomorrow closes below this level, 149-51 is possible. Shortby ParimalDevnath1
AshokLeyland, ConsolidationRecall what has been stated in the two previous posts and accordingly price has came down towards 162. Now if 158-9 is broken, 152-3 is possible target.Shortby ParimalDevnath111
Ashokley, ConsolidationThere is a consolidation forming above the breakout and now even if there is a breakout happening, it may quite difficult to cross the level of 171-2 level. As said in the previous post, if 162 is broken on the downside, price can correct till 152-3. In short, it is possible that upside is capped for the near term. by ParimalDevnath3
AshokLey, BreakoutBreakout happened taking the price close to 171 which is to play as the touch resistance. Price is now consolidating in a narrow range. And price cannot take out 171, there is good chance of it sliding towards 158 and then 152. Shortby ParimalDevnath2
Ashokeleyland, BreakoutIt is a breakout stock. Simply put, it means that traders are ready to pay a higher price since they see value at present and also in future. Now after the good run-up 166 is a strong resistance followed 171. Hence holding above 166 is necessary to see 171. Longby ParimalDevnath0
AshokLey, BreakoutAs posted earlier, now that 162 is conquered (and if the same is held), price can run above 166-167. If prudently managed, breakout stocks make good trades. Longby ParimalDevnath2
Ashok Leyland - Approaching major peak - Elliott Wave countAshok Leyland will complete five waves up around 165. After every five waves up, there will be 3 wave correction. That should bring the price down to 70/80/90 levels.by PE_Ratio112
AshokLey, BreakoutNow 161 is the strong resistance and if the same can be cleared by the bulls then 166 is a done thing. Strong support lies at 154.Longby ParimalDevnath1
AshokLey, BreakoutPosted this study expecting a breakout from the resistance zone and the same has occurred on Friday. The stock is in strong bullish market. Sometimes price pulls back on such breakout to gain momentum. Sometimes it may not do so. It has strong support at 149 and strong resistance at 161. If bulls can clear 161 on closing basis then they can conquer 166. Longby ParimalDevnath0
AshokLey, ConsolidationThe stock is in strong bull market and now entered in consolidation phase. It has strong resistance at 163 and strong support at 143-144. It is buy at support and NOT sell at resistance since we don't when it may breakout. Longby ParimalDevnath0
ashok leyland great opportunity to buy.Buy Ashok Leyland if you are long term investor. It has potential to give multi fold returns. Everything is good about company. Share price is lower and it is moving upward steadily. Longby sameer_patel18in1
ASHOKLEY Triangle FormationTriangle formation in ashokley with 112 acting as strong support. Demand zone at 112 to 115. Risk averse can short 112.5 PE Longby psaibhushan3
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.Shortby TFTIndia2
Possible Long Term EW Count - AshokleylandThere is a very high possibility that Ashokleyland is nearing a major 5 wave completion.As per my primary wave count we will form a top between 130 and 140 so watch out for an impulsive 5 wave fall to initiate trades . The alternate count is that we are in wave 3(3) in which case the price will push higher much beyond 200, but the probability of the alternate count is low at the moment. The possible targets for the primary count is anywhere between 88-57. Good Luck Traders. Shortby SPX50003