ASHOKLEY trade ideas
Support and Resistance Levels for Ashok LeylandThe stock is in upward trend. Seems like some profit booking is happening.
Ideally it should bounce back up from around 220 as it is near 50-55 EMA on daily charts and also it a round number (psychological move).
There might also be a chance that stock will consolidate around 224 for a while before breaking the resistance and continuing on the upward trend.
Fundamentally, the stock has a good EPS dil growth and Revenue growth.
Suggestion: Wait for a sustained positive candle(s) either from 50-55 EMA bounce or breaking the resistance above 224.
ashokkleyNSE:ASHOKLEY
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Ashok leyland * Strong auto stockAshok leyland confirms it move up at all time high. gud bounce after taking support from its all time high.
Sl 165 for swing trade.. Target will be much higher we will trailing method.
it has gud potential for upside . Follow strict SL & Proper RISK REWARD RATIO. This is the only holy grail in the market.
Golden Crossover - AHOKLEY📊 Script: AHOKLEY
📊 Sector: Automobile
📊 Industry: Automobiles - LCVs / HCVs
Key highlights: 💡⚡
📈 Golden Crossovers are seen into the Script.
📈 Golden Crossover is where slow moving average line crosses fast moving average above.
📈 Although Script is trading at All Time High we may see some bullish rally.
⏱️ C.M.P 📑💰- 201
🟢 Target 🎯🏆 - 239/250
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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ASHOK LEYLAND ( Monthly Overview )Ashok leyland beautifully respected its monthly trendline since 1999. Going further into an ascending tendline breakout above its monthly ATH, its currently above the ATH resistance zone. A fresh entry can be made when in weekly chart , price gives a Fresh breakout above 205 with a good green candle and volume, RSI > 60 and EMA 10>20>50>200 and one of the RS above 0 line