ASHOK LEYLAND LTDGiá xuống
Ashokley Numerous Bearish signs!!!!
Cập nhật
Chart Patterns look good for a short trade
REASONS
1. In Weekly timeframe, Ashokleyland broke out of the Ascending channel on sep 2022 & Right now it formed a Bearish Pennant pattern and Gave breakdown for that too!!!(SHOWN BELOW)
2. In daily time frame, it is moving alike Inverted cup& Handle pattern(shown below)
3. In 2hr timeframe, it is trading inside a DESCENDING CHANNEL and also there is Bearish pole pennant pattern seen.
4. There is an UNFILLED GAP ZONE (127- 125 RANGE)(Gaps often gets filled)
5. Target(dashed bright green lines) & Sl(dashed red line) levels mentioned @ chart
6. Gap zone(green rectangle ) can acts as good support!!
Just be fixed with the SL level.
Let's wait and watch how it moves!!!
NOTE- Just sharing my view....not a tip nor advice!!!!
REASONS
1. In Weekly timeframe, Ashokleyland broke out of the Ascending channel on sep 2022 & Right now it formed a Bearish Pennant pattern and Gave breakdown for that too!!!(SHOWN BELOW)
2. In daily time frame, it is moving alike Inverted cup& Handle pattern(shown below)
3. In 2hr timeframe, it is trading inside a DESCENDING CHANNEL and also there is Bearish pole pennant pattern seen.
4. There is an UNFILLED GAP ZONE (127- 125 RANGE)(Gaps often gets filled)
5. Target(dashed bright green lines) & Sl(dashed red line) levels mentioned @ chart
6. Gap zone(green rectangle ) can acts as good support!!
Just be fixed with the SL level.
Let's wait and watch how it moves!!!
NOTE- Just sharing my view....not a tip nor advice!!!!
Giao dịch đang hoạt động
Ghi chú
Going good!!!Giao dịch đang hoạt động
Ghi chú
Good movement....with successive lows getting tested!!!Ghi chú
Nearing our target level!!!!Ghi chú
1st target done!!!Ghi chú
Good followup candles!!!1Ghi chú
Descending channel support line nearby!!!!Giao dịch đang hoạt động
Ghi chú
Ghi chú
Ghi chú
bright red line forms the new pattern...seem to be respecting it!!!Ghi chú
still our levels intact!!!Ghi chú
let's see whether its breaking out of it or not!!!
Ghi chú
still respecting the level
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