SWING IDEA - ASHOK LEYLAND

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.

Komen:

We can see a double bottom pattern on daily timeframe, can add up some quantity.

Komen:

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.

Komen:

currently, stock is in consolidation phase.
Technicals look quite promising, so we can hold till targets.

Komen:

stock is still consolidating. Once 190 level is taken out we will see a sharp upmove.

Komen:

Accumulate as much as possible, even if you're looking for investment.
This the best price.

Komen:

A strong marabozu candle on weekly timeframe shows incoming momentum.
The stock can potentially rally now, hold for targets !!

Komen:

Achieved 15% ++
Hold for targets

Komen:

We are very close to our 1st target
Price made a high of 19.5% ++