ASHOK LEYLAND LTD
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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
Operación activa
good move from the channel bottom
Operación activa
finally impulses here
Operación activa
Target 1 is close
Operación cerrada: objetivo alcanzado
Target 1 reached , holding for 2nd ( risk free trade)
Operación cerrada: objetivo alcanzado
Here is the daily chart
imagen
Nota
A Hammer formed on 4 hr chart, watch out next candle
imagen
Operación cerrada: objetivo alcanzado
oh - very close to second target - bullish crab worked well.
Operación cerrada: objetivo alcanzado
2nd target also hit

Exención de responsabilidad