ASHOKLEY 4HNSE:ASHOKLEY
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ASHOKLEY trade ideas
Ashok Leyland BreakoutThe stock has broken out and retested, so it may undergo a rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the previously upper trendline. The target is placed based on fundamentals and near swing high.
ASHOK LEYLAND WEDGE PATTERNHello
Welcome to this analysis about ASHOK LEYLAND , we are looking at daily timeframe perspectives. ASHOK LEYLAND is developing here that will be a decisive factor in the upcoming times. I discovered the main formation ASHOK LEYLAND is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how ASHOK LEYLAND has emerged with this key WEDGE PATTERN marked in my chart with boundaries. which is an important resistance and also psychological resistance-mark together with the lower-boundary of the WEDGE PATTERN
In this manner, thank you for watching my update-analysis about ASHOK LEYLAND and its major WEDGE PATTERN with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
Breakout and formation of cup and handleThe stock has shown a breakout from its previous resistance level of around 136 with great volume. There is also a formation of the cup and handle formation on the weekly time frame chart. There is a buy call in the stock with a price target of 250 and a time target of 6 months. The stock has also seen a MACD crossover and breakout of RSI above 60 levels.