Ashok Leyland; Is it going down the lane
Ashok Leyland
CMP 100.05
The stock has broken below important zone of 105-110 which acted as support on several occasions for more than year.
Given the setup things look bleak for the stock and can be headed much lower towards 92 / 84 / 66.
View gets invalidated if the stock starts sustaining above 106-110 in the broader setup.
Take care and safe trading...!!!
CMP 100.05
The stock has broken below important zone of 105-110 which acted as support on several occasions for more than year.
Given the setup things look bleak for the stock and can be headed much lower towards 92 / 84 / 66.
View gets invalidated if the stock starts sustaining above 106-110 in the broader setup.
Take care and safe trading...!!!
Trade aktif
After opening at 99.55 and making a low of 98.8 the stock has risen 2% from the lows to 100.30.
Consider to sell
Trade aktif
From 100.30 to 93.20. Thats a nice 7% gain in 3 trading sessions. Consider to book partial profits and trail SL to 98 for balance.
In case u liked the idea and feel the analysis is helpful do hit the LIKE button
Happy & safe trading...!!!
Catatan
Ashok Leyland has made a low of 80.80 so farCMP 83.20
Target of 84 well achieved.
Do FOLLOW US & HIT the LIKE button for more such trading ideas...
Happy trading...!!!
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Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.