Ashok Leyland Impulsive Elliott wave pattern
Can we have a Bullish Elliott wave pattern in Ashok Leyland ?
Let’s dive into a reliable idea.!! Ashok Leyland Impulsive Elliott wave pattern
Trading in Ashok Leyland is a good option based on its strong fundamentals. Ashok Leyland can lend you superior returns compared to its competitors from a long-term perspective.
As per our technical analysis, Ashok Leyland is in limelight now again and is following an impulsive Elliott wave pattern. It will be positive for a short term time. You can have a strong uptrend for some time.
Studies have shown that trend is highly volatile, price action for a longer time will present you with a better picture of the trend in the stock.
Technical analysis of Ashok Leyland is showing a stop loss of 115 points with a target of bullish move above 127. It is moving just in line with our expectations and also following our technical analysis of the impulsive Elliott wave pattern. Just wait for it, soon it will achieve our target of 127.
The share of Ashok Leyland is reflecting a strong buying momentum in the short term. And even if we see the picture deeply, we will get an idea that positive returns are on the way for both the long term and short term.
At Gannandwaves, we strongly predict the future course of action with our technical analysis. Come, join and feel the difference and grab the right market portfolio.