SWING IDEA - ASHOK LEYLAND

29 Eki 2023

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.

4 Kas 2023

Not

We can see a double bottom pattern on daily timeframe, can add up some quantity.

30 Kas 2023

Not

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.

29 Oca

Not

currently, stock is in consolidation phase.
Technicals look quite promising, so we can hold till targets.

5 Mar

Not

stock is still consolidating. Once 190 level is taken out we will see a sharp upmove.

10 Mar

Not

Accumulate as much as possible, even if you're looking for investment.
This the best price.

26 Nis

Not

A strong marabozu candle on weekly timeframe shows incoming momentum.
The stock can potentially rally now, hold for targets !!

1 May

Not

Achieved 15% ++
Hold for targets

2 May

Not

We are very close to our 1st target
Price made a high of 19.5% ++

14 May

Not

made a high of 22%

18 May

İşlem kapandı: hedefe ulaştı

1st target achieved : 24% ++

29 May

Not

Very close to 2nd target, made a high of 36% ++ from our buying level

4 Haz

Not

trend seems strong, can accumulate at 190 levels

5 Haz

İşlem kapandı: hedefe ulaştı

2nd target achieved 40%++

28 Tem

Not

getting closer to 3rd target of 260

8 Ağu

İşlem kapandı: hedefe ulaştı

3rd target achieved : 53%++

23 Ağu

Not

made a high of 55%++