ASHOK LEYLAND
- ASHOK LEYLAND is currently moving up from strong trend line support as shown in graph no1, as long as stock holds above it will favor bulls but once stock breaks its support line then bears will get active in Ashok Leyland. Technical also indicates that on upper side stock will find trend line resistance around 39, once stock closes and stays above 39 it will be favored by bulls for next 1-2 trading days.
- Intraday close watch once stock starts trading above 39 , if holds above 39 during trading hours then bulls action is expecting.
- Suggested Reading - SHRI RAM TRANSPORT FINANCE has come out from its triangle formation, sharp move expecting in coming days.
- As per graph no 2 stock is also moving up from 38.2% fibonacci retracement and 100 DMA support zone , this indicates as long as stock holds above it will favor bulls.
- As per graph no 3 if stock closes and stays above 39 then bulls will get active, and if stock moved up then on upper side stock will find next resistance around 45 its 161.8% fibonacci retracement. Close Watch.
- Click here to see all the free trading reports (tips) published by us on ASHOK LEYLAND.
- Stock tips for tomorrow.
No comments:
Post a Comment