ASHOK LEYLAND:Ascending Wedge

ASHOK LEYLAND has been forming higher highs and higher lows within the Ascending Wedge Pattern in a daily time frame. Recently, the prices witnessed a bounce from the lower trendline with the formation of a Bullish Harami candlestick pattern and is likely to start its northward journey. Therefore, traders can grab the buy opportunity and keep the profit target at the 58.65 level. Simultaneously, the stop loss can be set at 46.55 level.
Trade information
Take profit 58.65
Stop-loss 46.55