Ashokleyland is on a breakdown - As per the trend.
We expect it to break down and go on a further downtrend. Or it may shoot little up and come down to the target.
So watch and try to understand the action.
Understanding :-
We can see the stock is in a bear move. And it is in a symmetrical triangle.
We understand the symmetrical triangle is a temporary pause in the movement and when wakes up, could ( could ... ) continue in the original direction.
We expect it to break down and go on a further downtrend. Or it may shoot little up and come down to the target.
So watch and try to understand the action.
Understanding :-
We can see the stock is in a bear move. And it is in a symmetrical triangle.
We understand the symmetrical triangle is a temporary pause in the movement and when wakes up, could ( could ... ) continue in the original direction.
Trade attivo:
Trade is going as per our setup
Brothers stoploss has to be trailed 79.65
Brothers stoploss has to be trailed 79.65
Trade chiuso: obiettivo raggiunto:
Our target reached and now we are on a trailing stoploss at 78
Commento:
Now our trailing stoploss increasing to 75