ASHOK LEYLAND - Triangle Pattern!!

ASHOK LEYLAND

#ASHOKLEY has formed a symmetrical triangle pattern in 30 mins charts. It took support from Supply Zone 49.45 - 49.8.

RSI is moving towards 60-level and is BULLISH.
TT2 TREND is BULLISH in 30 mins.

I am Bullish.
If the price gives a breakout and crosses 49.8 with volume followed by a conviction candle, we might see a strong upmove. The next resistance is 52/53.2 on 30mins chart. SL after breakout confirmation is 48.75.

Incase of a breakdown from the pattern, the next support is 47.60. SL after breakdown is 49.80.

KEEP AN EYE!!

***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.