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Showing posts with label Ashok Leyland. Show all posts
Showing posts with label Ashok Leyland. Show all posts

Wednesday, September 12, 2012

Breakout in Falling Wedge, Ashok Leyland



It’s a couple of weeks ago I had told you regarding a Falling wedge pattern forming on Ashok Leyland along with divergence. We had seen a Breakout yesterday, I expect a rally.   

The Resistance are as follow

Previous article on Ashok Leyland: Click Hear

Sunday, August 26, 2012

Ashok Leyland, a falling wedge


After witnessing Ashok making some lows, I smell some bullishness in this stock. It is recent; I have spotted a falling wedge formation along with a divergence forming. According to me, Ashok Leyland is going to make a new low then will get ready to shoot high.
We have recently seen MACD making a negative crossover and RSI giving a buy signal.

Conclusion:  wait till pattern complete, look for divergence.