Ashok Leyland; Is it going down the lane
Atualizado
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 ativo
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 ativo
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...!!!
Nota
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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