ASHOK LEYLAND LTD
Long
Aktualisiert

S.C Ban Order & Bullsih Crab on Ashok Leyland, So Whats Next ?

Hi,

Supreme Court imposes ban on sale of BS-III vehicles from April 2, As a reaction Ashok leyland fallen sharply and completed a beautiful bullish CRAB Pattern.

It's worth to mention, recovery was so good and sharp with RSI divergence. (Assume structure has shown RSI BAMM, need to verify it).

It tested all the figures on PRZ during the fall and bounced back sharply and closed inside the channel.

On Technical Perspective, i have two targets for Ashok Leyland (61.8% and 127.2% of CD leg)
Target 1 - 88.7
Target 2- 95.9

Stop loss would be 2 XA = 78.8

Trade with Care
Gulz
Trade ist aktiv
good move from the channel bottom
Trade ist aktiv
finally impulses here
Trade ist aktiv
Target 1 is close
Trade geschlossen: Ziel wurde erreicht
Target 1 reached , holding for 2nd ( risk free trade)
Trade geschlossen: Ziel wurde erreicht
Here is the daily chart
Snapshot
Anmerkung
A Hammer formed on 4 hr chart, watch out next candle
Snapshot
Trade geschlossen: Ziel wurde erreicht
oh - very close to second target - bullish crab worked well.
Trade geschlossen: Ziel wurde erreicht
2nd target also hit

Haftungsausschluss