RA Name:Manjushri sharma
Technical Analysis:
📈 BTST TRADE ALERT – LONG
🔍 Stock: Ashok Leyland Ltd (ASHOKLEY EQ)
📅 Date: 23rd Sept 2025
🧠 By: Manjushri Sharma | Equity Guru MS
📜 SEBI Reg. No.: INH000019497
💡 Trade Setup
| Parameter | Value |
|---|---|
| Action | BUY |
| Trigger | Above ₹144 |
| Stop Loss | ₹142 |
| Target 1 | ₹146 |
| Target 2 | ₹148 |
| Qty | 1000 Shares |
| Max Risk | ₹2,000 |
| Potential Reward | ₹2,000 – ₹4,000 |
| Risk:Reward | 1:1 to 1:2 |
🔍 Technical Insight
-
Price Action: Stock taking support near ₹142 with bullish reversal candle.
-
Support Zone: ₹142 acting as strong demand zone – ideal SL placement.
-
VWAP & EMA: Trading above intraday VWAP & 20 EMA – short-term momentum positive.
-
Volume Analysis: Higher volumes seen on bounce from support, indicating accumulation.
-
Chart Structure: Breakout visible on 5-min and 15-min charts from consolidation zone.
📘 Trading Strategy
✅ Buy Zone: Entry above ₹144 with strength confirmation.
🚫 Stop Loss: ₹142 (strict).
🎯 T1: ₹146 → Book partial profits.
🎯 T2: ₹148 → Trail SL to ₹144.50 after T1.
🕒 Carry trade for BTST; exit next day or as per levels.
⚠️ Important Notes
❗ Enter only above ₹144 with price + volume confirmation.
🔄 Avoid buying if stock slips below ₹142.
🚫 Always trade with SL; discipline ensures consistency.
🔐 Issued by:
Manjushri Sharma
📈 SEBI Registered Research Analyst
📞 6269562635 | 📧 sharma.manjushri@gmail.com
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Comments
2 responses to “BUY : ASHOKLEY-EQ( ASHOKLEY ) [212]”
WE HAVE A OPEN POSITION IN ASHOKLEY EQ CASH LONG CALL
OVERNIGHT UPDATE : KINDLY EXIT FROM ASHOKLEYND EQ CASH LONG CALL OUR SL HIT AT 142