ASHOKLEYLAND – HAMMER – BULLISH

After a Significant pricefall, A hammer pattern was identified. The Hammer day had a higher volume to confirm. The trade taken was Long Position with Entry point A (113.8), the Stoploss is low of the hammer, which is Point B (107.7). Since Hammers are powerful patterns, target was set 1.5 times of risk taken. The target is 122.9, which was achieved in two weeks time.