S.C Ban Order & Bullsih Crab on Ashok Leyland, So Whats Next ?

Zaktualizowano
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
Zlecenie aktywne
good move from the channel bottom
Zlecenie aktywne
finally impulses here
Zlecenie aktywne
Target 1 is close
Transakcja zamknięta: osiągnięto wyznaczony cel
Target 1 reached , holding for 2nd ( risk free trade)
Transakcja zamknięta: osiągnięto wyznaczony cel
Here is the daily chart
snapshot
Uwaga
A Hammer formed on 4 hr chart, watch out next candle
snapshot
Transakcja zamknięta: osiągnięto wyznaczony cel
oh - very close to second target - bullish crab worked well.
Transakcja zamknięta: osiągnięto wyznaczony cel
2nd target also hit
Bullish CrabHarmonic Patterns

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