Ashok Leyland- Strong Breakout (Multiple Parameters)
Ashok Leyland breaks out of the falling wedge.
Post the breakout stock comes back to retrace
at the support line.
Later also forms a triangle pattern and breaks out
of the triangle.
It also forms a Cup & Handle pattern and also gives
a breakout from the pattern.
Stock takes resistance from Ichimoku Cloud,
takes support and then breaks out.
Multiple indications, suggests that stock looks positive.
P.S.- NOT a SEBI Registered Financial advisor, please consult your advisory before taking any trades
Post the breakout stock comes back to retrace
at the support line.
Later also forms a triangle pattern and breaks out
of the triangle.
It also forms a Cup & Handle pattern and also gives
a breakout from the pattern.
Stock takes resistance from Ichimoku Cloud,
takes support and then breaks out.
Multiple indications, suggests that stock looks positive.
P.S.- NOT a SEBI Registered Financial advisor, please consult your advisory before taking any trades