1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Ashok Leyland

Discussion in 'Technical Analysis' started by vjx, Nov 11, 2017.

  1. vjx

    vjx Member

    Joined:
    Nov 8, 2017
    Messages:
    24
    Likes Received:
    11
    Hi,

    If fundamentals still holds good, is it good to go long on Ashok Leyland around Rs 100 on correction based on technicals (fibonacci retracement) ? I am looking at weekly charts...

    Thanks.

    Sent from my BLN-L22 using DIY Technical Analysis mobile app
     
    vjx, Nov 11, 2017
    Share #1
    nirajshah likes this.
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,702
    Likes Received:
    1,940
    Technically it should be forming a bottom and don't assume one is formed.
     
    shabbir, Nov 11, 2017
    Share #2
  3. vjx

    vjx Member

    Joined:
    Nov 8, 2017
    Messages:
    24
    Likes Received:
    11
    vjx, Nov 11, 2017
    Share #3
  4. dhiren

    dhiren Member

    Joined:
    Nov 2, 2016
    Messages:
    18
    Likes Received:
    19
    Today it bounced with volume from support. If makes a higher high and a higher low with volume then this would be a signal of trend reversal. CONSIDER. Cheers

    Sent from my Lenovo A6020a46 using DIY Technical Analysis mobile app
     
    dhiren, Nov 13, 2017
    Share #4
    shabbir and nirajshah like this.
  5. nirajshah

    nirajshah Champion

    Joined:
    Aug 17, 2016
    Messages:
    546
    Likes Received:
    302
    Thanks for sharing.


    Sent from my Micromax Q385 using DIY Technical Analysis mobile app
     
    nirajshah, Nov 14, 2017
    Share #5