S.C Ban Order & Bullsih Crab on Ashok Leyland, So Whats Next ?
Hi,
Supreme Court imposes ban on sale of BS-III vehicles from April 2, As a reaction Ashok leyland fallen sharply and completed a beautiful bullish CRAB Pattern.
It's worth to mention, recovery was so good and sharp with RSI divergence. (Assume structure has shown RSI BAMM, need to verify it).
It tested all the figures on PRZ during the fall and bounced back sharply and closed inside the channel.
On Technical Perspective, i have two targets for Ashok Leyland (61.8% and 127.2% of CD leg)
Target 1 - 88.7
Target 2- 95.9
Stop loss would be 2 XA = 78.8
Trade with Care
Gulz
Supreme Court imposes ban on sale of BS-III vehicles from April 2, As a reaction Ashok leyland fallen sharply and completed a beautiful bullish CRAB Pattern.
It's worth to mention, recovery was so good and sharp with RSI divergence. (Assume structure has shown RSI BAMM, need to verify it).
It tested all the figures on PRZ during the fall and bounced back sharply and closed inside the channel.
On Technical Perspective, i have two targets for Ashok Leyland (61.8% and 127.2% of CD leg)
Target 1 - 88.7
Target 2- 95.9
Stop loss would be 2 XA = 78.8
Trade with Care
Gulz
交易开始:
good move from the channel bottom
交易开始:
finally impulses here
交易开始:
Target 1 is close
交易结束：到达目标:
Target 1 reached , holding for 2nd ( risk free trade)
交易结束：到达目标:
Here is the daily chart
评论:
A Hammer formed on 4 hr chart, watch out next candle
交易结束：到达目标:
oh - very close to second target - bullish crab worked well.
交易结束：到达目标:
2nd target also hit