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
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
Giao dịch đang hoạt động:
good move from the channel bottom
Giao dịch đang hoạt động:
finally impulses here
Giao dịch đang hoạt động:
Target 1 is close
Đóng lệnh: đạt mục tiêu:
Target 1 reached , holding for 2nd ( risk free trade)
Đóng lệnh: đạt mục tiêu:
Here is the daily chart
Bình luận:
A Hammer formed on 4 hr chart, watch out next candle
Đóng lệnh: đạt mục tiêu:
oh - very close to second target - bullish crab worked well.
Đóng lệnh: đạt mục tiêu:
2nd target also hit