Ashok Leyland : Will you buy on Dips ?(Bullish Pennant Breakout)
Hi,
Ashok leyland charts look super bullish as its given a pennant breakout on weekly chart & it can be considered as a long term pick.
Investment Idea
Ideal Entry : 97.5
Technical Target : 90 + (112-15) = 187
Stop loss : 84 or below as per risk appetite ( close basis).
Chart & details shared for study purpose - Please consult financial advisor before invest.
Trade with Care
Gulz.
Ashok leyland charts look super bullish as its given a pennant breakout on weekly chart & it can be considered as a long term pick.
Investment Idea
Ideal Entry : 97.5
Technical Target : 90 + (112-15) = 187
Stop loss : 84 or below as per risk appetite ( close basis).
Chart & details shared for study purpose - Please consult financial advisor before invest.
Trade with Care
Gulz.
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Well, How do we plan our entry ?
We have bigger Bearish BAT on weekly chart as well - if market push down the price when BAT triggers, we may get good chance to buy it on lower level.
So watch price action on daily basis to find out a suitable entry point.
We have bigger Bearish BAT on weekly chart as well - if market push down the price when BAT triggers, we may get good chance to buy it on lower level.
So watch price action on daily basis to find out a suitable entry point.
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Making good move .. made new 52 week high
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Last price 139
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New high made .. 151+
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Lets book some profit here :)
