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ASHOKLEY setting out for a massive up-move.

NSE:ASHOKLEY   ASHOK LEYLAND
Jun 2023 (Monthly Candle) gave a very strong breakout from a multi year Cup & Handle pattern. Retest of the same was completed by Nov 23 candle (Monthly). December month candle formed a nice doji (hanging man) which also happens to be an inside candle. If price breaches high of these candles i.e. 184.80, then the stock may touch the price level of 290. SL level- 164/- ; Entry Level >=185; expected hold time - 12 months.
“ Disclaimer :- This is not a buy/ Sell recommendation. The idea is shared here to record my journey as a trader as well as for educational purpose only.”
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