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ASHOK LEYLAND: HEAD & SHOULDERS PATTERN!

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ASHOK LEYLAND (NSE:ASHOKLEY)  
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NSE:ASHOKLEY   ASHOK LEYLAND
Trend Analysis Chart Patterns ashokleyland short
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trendanalysis chartpattern ashokleyland short
ASHOKLEY

HEAD & SHOULDERS PATTERN IN ASHOK LEYLAND

75-80 IS THE IMMEDIATE SUPPORT ZONE. IF SUSTAINS ABOVE 80 IN NOVEMBER THEN WE CAN SAY THAT THE TREND HAS CHANGED IN LONG TERM. OTHERWISE THE RALLY SHOULD CONTINUE DOWNWARDS.

BEARISH DIVERGENCE OVER PAST FEW DAYS NOW. SO THAT WILL HELP TOO.

IF IT SUSTAINS BELOW 75 OR OPENS GAP DOWN IN NEXT SESSIONS, DOWNSIDE TILL 69 IS EXPECTED.

MOST IMPORTANT THING TO HAVE DIRECT IMPACT IS RESULTS. RESULTS ARE REALLY BAD. 93% DECLINE IN PROFITS YOY. SO WE CAN CATCH A BIG MOVE HERE.
Trade fechado: stop atingido:
Opened gap down and went day highs. SL.
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