Ashok Leyland looks very strong on charts. The stock was consolidating between 61 & 65 for last 1 month. Ashok Leyland today made a breakout of ascending triangle pattern on very high volumes.
- BUY Ashok Leyland above Rs 66.7 with stop loss of Rs 64.5 for a target of Rs 69 in 2-3 days.
- For Short Term trade, Buy Ashok Leyland around Rs 65 - 66 for a target of Rs 76+. The Scrip has very strong support at 61.5, which is its 50 day EMA. Scrip is very strong above 71 and likely to touch 80 once it closes above 71.
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