In this article, let’s sneak into magic of Elliot wave counts and how pattern is forming in Ashok Leyland.

Ashok Leyland Weekly chart with Elliot wave counts and positional trading strategy
Weekly Chart


  • Ashok Leyland has been falling after making a top near 168 now trading at 110 zone.
  • The stock after completing an impulse from 16-168 now in corrective decline.
  • The stock has shown a selling opportunity from 132 zone.

Where is stock headed in near to medium term and long term ???

Is it the right time to Sell stock ???

Is there still an opportunity to make money by short selling ???

The key Confluence Zone for the stock :

R – 1_ _ / 134

S – _ _ _  / _ _ _

The internal counts and precise targets are not shown on the charts above. There are few ore stocks which are exhibiting similar larger degree Elliot wave pattern. To know more such kind of patterns to manage your trades and investments join our Live Trading Room – Online Trading Workshop to interact with elite traders and mentor.

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