May 8, 2010

AHOK LEYLAND huge volume break out.

UPDATED CHART

ASHOK LEYLAND DAILY
ASHOK LEYLAND MONTH CHART
  • ASHOK LEYLAND has given a huge volume break out.
  • the stock has gone pass the resistance of 2008 high (57.5)
  • a daily close above the previous resistance area confirms the break out.
  • the stock may move to 65 in the coming weeks.
By at

9 comments:

  1. AdminMay 1, 2010 at 8:07 PM

    Friend, what is that charting software that you have used here?

    ReplyDelete
  2. SanMay 2, 2010 at 9:50 AM

    Hai tclick

    i am using chartnexus.

    ReplyDelete
  3. rochak parekhMay 9, 2010 at 4:13 PM

    hello san
    a great fan of urs
    since then i noticed ur charts on ashok, andhra, abb, ultratech and others
    can i still take entry into ashok leyland
    what price level wud u think be appropriate to take entry into ashok and the stop loss please
    is there any chance we can get to buy it at 58-59 again
    i am also holding andhra bank
    and wanna enter oracle finance tomm
    kindly suggest on all three above if u get time
    thanks
    regards
    r parekh r

    ReplyDelete
  4. SanMay 9, 2010 at 7:42 PM

    ASHOK LEYLAND: Seeing the volume action at 57-59 very less chance of the stock testing the levels in the short term. try to enter between 60 and 62 with a stop loss of 58.

    ANDHRA BANK: Keep 129 as stop loss. You can hold the stock for long term if you wish.

    ORACLE FINANCE: Yet to see the chart. need some time

    thank you

    ReplyDelete
  5. rochak parekhMay 10, 2010 at 8:53 AM

    thanks answering,
    the same i feel above ashok leyland and andhra bank, as i also believe firmly on volume price action
    but after seeing SGX at 5100 kind of levels today morning, doesnt it seem impossible to buy ashok at the mentioned levels, so can we take exposure in ashok at higher levels
    thanks
    regards
    rochak

    ReplyDelete
  6. AnonymousMay 10, 2010 at 8:54 AM

    San,
    i'm a silent spectator of ur blog.
    ur charts n views r gr8.
    Tata Motors - it was a match winner
    now its time 4 me 2 act
    ie upmove frm a mere spectator
    keep postin........keep rockin

    ReplyDelete
  7. SanMay 10, 2010 at 2:06 PM

    @rochak

    I personally don't want to enter at 64 levels. But if you enter at these levels then raise the stop loss to 61. If the stock closes above 66 it can move ahead and then you trail your stop loss.

    @shahabaz
    thanks for visiting my blog. And the tatamotors chart.

    personally tatamotors for me is a failure. I thought after seeing the break out of the triangle it should reach at least 1000 But NIFTY and world markets did not cooperate. But i should agree it gave a nice trade and those who keep trailing stop loss would have made good profits.

    thank you

    ReplyDelete
  8. Vajeng PatidarMay 10, 2010 at 8:58 PM

    Hi San,
    Nice charts.
    Should i go long on IFCI tomorrow if possible.it has not moved from quit sometime.

    Thanks
    vaj

    ReplyDelete
  9. SanMay 10, 2010 at 9:38 PM

    @Vajeng
    i Have updated the IFCI chart. IFCI is in a triangle so wait for it to give direction.

    ReplyDelete

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