ASHOK LEYLAND LTD
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SWING IDEA - ASHOK LEYLAND

4 613
This chart reveals a harmonious convergence of price action and key indicators, suggesting a potential buy opportunity on the horizon. The stock has displayed remarkable strength, with patterns that indicate a possible upward trajectory.

Reasons are stated below :
  • price tested 168 levels twice on weekly tf and finally has come down to retest after a strong breakout
  • 0.382 Fibonacci level support
  • 50EMA support on daily tf
  • formed 2 hammer like candles with a long wick indicating a buy-push



ASHOK LEYLAND is a fundamentally strong stock on which we can rely.
this seems to be a golden opportunity to buy this gem.

TARGETS - 207 // 233 // 260 // 300
SL - 154

thank you.
Nota
We can see a double bottom pattern on daily timeframe, can add up some quantity.
Nota
We are up by 8.4% from buying price.
It made a high of 9.4%.
Stock looks quite strong, we can hold for our targets.
Nota
currently, stock is in consolidation phase.
Technicals look quite promising, so we can hold till targets.
Nota
stock is still consolidating. Once 190 level is taken out we will see a sharp upmove.
Nota
Accumulate as much as possible, even if you're looking for investment.
This the best price.
Nota
A strong marabozu candle on weekly timeframe shows incoming momentum.
The stock can potentially rally now, hold for targets !!
Nota
Achieved 15% ++
Hold for targets
Nota
We are very close to our 1st target
Price made a high of 19.5% ++
Nota
made a high of 22%
Dagangan ditutup: sasaran tercapai
1st target achieved : 24% ++
Nota
Very close to 2nd target, made a high of 36% ++ from our buying level
Nota
trend seems strong, can accumulate at 190 levels
Dagangan ditutup: sasaran tercapai
2nd target achieved 40%++
Nota
getting closer to 3rd target of 260
Dagangan ditutup: sasaran tercapai
3rd target achieved : 53%++
Nota
made a high of 55%++

Penafian

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