Visionary_Growth_Insights

SWING IDEA - ASHOK LEYLAND

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NSE:ASHOKLEY   ASHOK LEYLAND
This chart reveals a harmonious convergence of price action and key indicators, suggesting a potential buy opportunity on the horizon. The stock has displayed remarkable strength, with patterns that indicate a possible upward trajectory.

Reasons are stated below :
  • price tested 168 levels twice on weekly tf and finally has come down to retest after a strong breakout
  • 0.382 Fibonacci level support
  • 50EMA support on daily tf
  • formed 2 hammer like candles with a long wick indicating a buy-push


ASHOK LEYLAND is a fundamentally strong stock on which we can rely.
this seems to be a golden opportunity to buy this gem.

TARGETS - 207 // 233 // 260 // 300
SL - 154

thank you.
評論:
We can see a double bottom pattern on daily timeframe, can add up some quantity.
評論:
We are up by 8.4% from buying price.
It made a high of 9.4%.
Stock looks quite strong, we can hold for our targets.
評論:
currently, stock is in consolidation phase.
Technicals look quite promising, so we can hold till targets.
評論:
stock is still consolidating. Once 190 level is taken out we will see a sharp upmove.
評論:
Accumulate as much as possible, even if you're looking for investment.
This the best price.
評論:
A strong marabozu candle on weekly timeframe shows incoming momentum.
The stock can potentially rally now, hold for targets !!
評論:
Achieved 15% ++
Hold for targets
評論:
We are very close to our 1st target
Price made a high of 19.5% ++
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