ASHOK LEYLAND LONG

Looking at the daily charts of ASHOK LEYLAND, it can be predicted that the stock can give a 'curvy' retrace to the level of 115-116. One can look at buying opportunities at this level if there is a confirmation candle the next day after the retrace. (OPEN THE CHART FOR DETAILED VIEW).

As for the immediate trend, it looks for some days till the level of 115-116.

For buying, following are the levels;

Entry: 115-116 (After retrace)
Target 1: 122
Target 2: 127
Target 3: 132

Stop Loss: 113
TRAIL STOP LOSS

RSI is showing weakness with a downward direction face
MACD is on the verge of a bearish crossover

Thanks

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