ASHOKLEY - To hit 290 in the coming weeks?

11 нояб.

Ashok Leyland - CMP 222

The stock looks ready for a good upmove provided the recent swing low of 200 holds

Wave counts and technical Patterns (Rounding Bottom breakout) everything points the target towards 290 for the short-medium term

Refer to the chart for counts on various Degree/TF and Technical Patterns

Vth of Primary 3rd is now underway.

On hourly TF, price broke above the falling trendline and broke the LH/LL structure..

There could be one more dip towards 210 levels.. and thereby make a double bottom structure

but this current impulse could take the script to AVWAP from the TOP at 230 levels..

A good script to consider for Dec/Jan series

11 нояб.

Сделка активна

Price tested 230.45 and got rejected from the AVWAP from the TOP as anticipated.. CMP is 223.8. Price could again give a bounce from 220-222 levels and break the swing high at 230.65 to validate the HH and HL structure.. A fall from there could give us a decent RR trade.. Wait for Sub 220 levels.. thats my view on this script.. please consult your Financial Advisor before making any investment decisions.. Views are for educational purpose only.. I am not SEBI Registered