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
تم فتح الصفقة:
good move from the channel bottom
تم فتح الصفقة:
finally impulses here
تم فتح الصفقة:
Target 1 is close
أغلقت الصفقة: تم الوصول للهدف:
Target 1 reached , holding for 2nd ( risk free trade)
أغلقت الصفقة: تم الوصول للهدف:
Here is the daily chart
تعليق:
A Hammer formed on 4 hr chart, watch out next candle
أغلقت الصفقة: تم الوصول للهدف:
oh - very close to second target - bullish crab worked well.
أغلقت الصفقة: تم الوصول للهدف:
2nd target also hit