Ashok Leyland : Short-term, Keep an Eye !
Diupdate
Hi Guys,
About 2 months ago there was a post about Ashokley , that bullish bat is forming and bat completed after 2 months of wait n in the zone, I have attached that idea below. Currently,
(i) Ashok Leyland is bottoming out in previous support zone
(ii) Support zone quite strong with no. of retests
(iii) After Bullish confirmation , initiate Longs
(iv) The Double Bottom may or may not work depending on general sentiment on Nifty
(v) Stops below 77 will be good idea,so check your risk n reward
Depending on your Risk Reward choose Target or you can carry it as long term after checking Fundamentals
I didn't check fundamentals of Ashok Leyland !
About 2 months ago there was a post about Ashokley , that bullish bat is forming and bat completed after 2 months of wait n in the zone, I have attached that idea below. Currently,
(i) Ashok Leyland is bottoming out in previous support zone
(ii) Support zone quite strong with no. of retests
(iii) After Bullish confirmation , initiate Longs
(iv) The Double Bottom may or may not work depending on general sentiment on Nifty
(v) Stops below 77 will be good idea,so check your risk n reward
Depending on your Risk Reward choose Target or you can carry it as long term after checking Fundamentals
I didn't check fundamentals of Ashok Leyland !
Catatan
As mentioned in Point (iii) we didn't get bullish confirmation,so we didnt enter & bcos of (iv)th point market came down further giving us better price, Now carefully watchout for Bullish confirmation and Enter the trade with proper stops depending on your risk ability !
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.