Dear Rangarajanji,
Ashok leyland is in uptrend and ICICI bank too now in uptrend on daily...
Ashok leyland:
Stock breaking out of 7-month rectangle consolidation formation with volume...crucial support of stock placed at 98 zone...Daily -ve divergence effect resulted in stock correction, and this leg is more longer, so indicating probably a 3-wave correction may be in place...where a rise will take place and then another fall towards..100-102...
For aggressive players long will come above 108.6 closing and stop below 102 zone...For conservative best to go long at 100-102 with 98 SL on closing basis...
ICICI Bank:
Again here stock in uptrend on daily, breaking the expanding pattern, with volumes...if i see hourly chart, support at 247.25 zone...sustaining below this can test towards 238-240 zone...Or else support at 247 can test upside at 260 zone...
on daily chart crucial support at 225 zone...stock moving in gaps, a sign of strength...for aggressive players,
its in hourly sell zone, strength on hourly only above 252.3-252.5 zone...
conservative long can be attempted only near 230 zone...