Home > Trading Ideas > Countertrend Idea-Ashok Leyland

Countertrend Idea-Ashok Leyland

Monday, August 6, 2007 Leave a comment Go to comments

Ashok Leyland has strong support in the 35 region. In case the market corrects, one can go long in Ashok Leyland around 35 levels with stop loss around 34 region.

In case 34 levels are broken, the stock can quickly see 29-30 levels.

ashok.jpg

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Categories: Trading Ideas
  1. sagecapital
    Monday, August 6, 2007 at 5:21 pm

    “Short Sell” means you sell the stock first(at higher levels) and then buy later(at lower levels). This means that you are expecting the stock to fall and want to profit from the downward movement.

    Being ‘long” means to buy a stock and sell it later.

    “Stop Loss” is the price you will either sell/buy a stock depending on whether you are long/short the stock.(it literally means to “stop” the “loss”)

  2. manjeet
    Monday, August 6, 2007 at 2:09 pm

    sage,

    could you please elaborate little bit on the common terms you use :- ‘short sell’, ‘one can go long in ASHLEY’, ‘stop loss’ etc.

    These will help us better understand the markets.

  1. Sunday, August 12, 2007 at 2:49 pm

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