inverted head and shoulders pattern breakout possible
*stock has created a inverse pattern on daily chart
*on weekly basis currently the stock is trading above the supply zone of 153-154
*if we close above 155 we will confirm pattern break
*it opens up the stock for a positional target of new life-time high
*initiating a positional trade in Ashok Leyland
ASHOK LEYLAND CONDITIONAL BUY
-WAITING FOR A WEEKLY CLOSE ABOVE 155
-OR ONE CAN LOOK TO ENTER OPITONS
ASHOK LEYLAND
BUY@155 (closing basis)
STOP@145
TARGET@165-175-185
DISCLAIMER
-this is my perosnal view
-trade according to your risk appetite
-manage your risk
*on weekly basis currently the stock is trading above the supply zone of 153-154
*if we close above 155 we will confirm pattern break
*it opens up the stock for a positional target of new life-time high
*initiating a positional trade in Ashok Leyland
ASHOK LEYLAND CONDITIONAL BUY
-WAITING FOR A WEEKLY CLOSE ABOVE 155
-OR ONE CAN LOOK TO ENTER OPITONS
ASHOK LEYLAND
BUY@155 (closing basis)
STOP@145
TARGET@165-175-185
DISCLAIMER
-this is my perosnal view
-trade according to your risk appetite
-manage your risk
Nota
DAILY CHART UPDATE
Nota
:AS EXPECTED WE ARE BATTLING IN THE SUPPLY ZONE
ALL INDICATION OF BULLISH BREAKOUT IS EXPECTED
LET ME REPEAT A CLOSE ABOVE 155 WILL ALLOW STOCK TO FLOW
Nota
still testing patience stock yet to close above 155
when does we will initiate longs
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.