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ASHOKLEY

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
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. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:ASHOKLEYLong
by radha_23
#JKTYRE 278 Buy Recommended TGT 325 (17%) SL 250 - Rachit SethiaJKTYRE 278 TGT 325 SL 250 RR > 1.8 TF < 6M RETURN > 17% NSE:JKTYRE Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:JKTYRELong
by Rachit_Sethia
{ASHOK LEYLAND}:[{USING ELLIOT WAVE NOMENCLATURE}] WAVE 1 : Wave 1 can be either a 5 Wave Sequence structure or a 3 Wave Sequence structure as well, but a 3 Wave Sequence comprises of two 5 Wave Impulse structure hence when Wave 1 is a 3 Wave Impulse WAVE 3 is supposedly way bigger than WAVE 1.(In the above pic also we see WAVE 1 is a 3 Wave Impulse structure.) Let's Move to WAVE 2 . . . WAVE 2 : Wave 2 and or Wave 4 both are formed in one timeframe lower to the timeframe in which Impulse is formed, as correction structures have less volume than the Impulses hence we can have a clearer picture in one timeframe lower to the one in which Impulse is formed. Similarly we have a 3 Wave Correction structure in 3 Months chart which defines WAVE 2 a simple correction structure. Wave 2 is typically 50%, 61.8%, 76.4%, or 85.4% of wave 1.(When we have a 3 Wave Impulse in Wave 1 it shoots from 50% due to more power as there is a double Impulse) WAVE 3 : Wave 3 is what brings us all to the table; the wave every trader wants to surf . . . Here's ur chance, We have checked that Price has retraced 50% of the Wave 1 as per Fibonacci Retracement tool. Similarly we can find out the Target of Wave 3 using Fibonacci Extension tool as follows.
NSE:ASHOKLEYLong
by WavesandZones
ASHOK LEYLAND Trend AnalysisThe second-largest Commercial Vehicle manufacturer in India. Already manufactured 40 electric buses for Chandigarh which will be operated under Switch Mobility Automotive Ltd. The high cost and range of EVs are the barriers unless every state govt. plans to start their fleet of EV buses and battery tech evolves with proper charging infrastructure. Private players will be the last to switch from ICE to EVs unless govt. gives better subsidies. As per FAME India scheme , the incentive is linked to battery capacity i.e. Rs.10,000/KWh for e-2W, e-3W and e-4W. Then comes the flex fuel engines which will bridge that gap meanwhile considering no charging infrastructure developed as of now, which may develop by 2030 to sustain EVs ecosystem. I don't see any good reason to buy such over valued stocks considering their fundamentals just because of EV hype. Fundamentals are not good though turn around potential might happen in future if sales improve with reduction in debt. OPM% came lower on account of steep rise in raw material cost. I don't want to copy paste the data which are readily available at screener.in to keep my posts short and to the point, kindly check the fundamentals there. Technically price is heading towards its resistance level around 150 with decline in volume and potential divergence with awesome oscillator. Though it looks like reverse Head & Shoulder pattern, it is just an extended pullback (X wave of WXY correction). Accumulate around 70-80 levels as it lies at the Golden FIB with confluence of trendline support and edge of the pitchfork. Short term swing target @ 120 (55% ROI with 3.47 R:R) Medium term positional target @ 185 (139% ROI with 8.76 R:R) Long term positional target @ 270 (249% ROI with 15.67 R:R) Stop loss @ 65 (Optional) Every detail I wrote here are my views only. Do your own due diligence before taking any action. Peace!!
NSE:ASHOKLEY
by Swastik24
9