ASHOK LEYLAND ~ AN OUT-PERFORMER...???

ASHOK LEYLAND  ~ AN OUTPERFOMER...???

COUPLE OF DAYS BACK WE HAD POSTED OUR VIEW ON ASHOK LEYLAND ON OUR FACEBOOK PAGE. QUICK LINK TO THAT POST IS AS UNDER:- 

https://goo.gl/17T6Tj

NOW AGAIN ANOTHER PATTERN IS IN FORMATION IN THIS STOCK.

LETS TRY TO SEE IT VIA SIMPLE CHART. 

RIGHT FROM START OF THIS PATTERN (CHANNEL PATTERN) THIS STOCK IS RESPECTING 21 EMA ON DAILY CLOSING BASIS (EMA ON LOW BASIS) AND ALSO ON LONG TERM TREND STOCK IS RESPECTING 55 EMA ON DAILY CLOSING BASIS. (EMA ON LOW BASIS).

FINAL CONCLUSION

WE STILL STAND ON OUR VIEW THAT STOCK MAY GO INTO 3 DIGITS VERY SOON. SO THOSE WHO HAVE BOUGHT STOCK IN DIPS TILL 86 (LOW OF 86.40 WAS MADE AFTER WE HAD POSTED CHART AND VIEW ON OUR FACEBOOK PAGE) 

NOW WE FEEL ONE SHOULD TRAIL STOP LOSS TO 85 ON CLOSING BASIS. 

STANDARD DISCLOSURE:-

PLEASE NOTE THESE MOVES ARE AS PER CHARTS AND IT MAY REVERSE ANYTIME. THIS POST IS FOR EDUCATION PURPOSE ONLY AND NOT TO BE CONSIDERED AS BUYING OR SELLING RECOMMENDATION. WE ARE NOT SEBI REGISTERED RESEARCH ANALYST. WE ARE NOT RESPONSIBLE FOR ANY PROFIT OR LOSS FOR ANY TRADES EXECUTED ON BASIS OF THIS POST.

WE REQUEST ALL READERS TO GIVE THEIR FEEDBACK ON NIFTY50STRIKER@GMAIL.COM OR BY COMMENTING ON THIS BLOG POST.

ABOUT AUTHOR ~ MANUSH VADHER

WORKING AS SHAREKHAN SUB BROKER AND HOLDING MASTER DEGREE IN FINANCE HAVING EXPERIENCE OVER 10 YEARS IN CAPITAL MARKET.