I am in love with this chart. Ashok Leyland since listing in 1999 is in a clear uptrend. The bottom trend is always a definite buy!
Now Ashokley is on the verge of break out, closing above 168rs is a buy idea. Target is the top uptrendline , I suppose it will be around 260-270rs. SL closing below 168rs. The risk (almost no risk) to reward is 1:100
Now Ashokley is on the verge of break out, closing above 168rs is a buy idea. Target is the top uptrendline , I suppose it will be around 260-270rs. SL closing below 168rs. The risk (almost no risk) to reward is 1:100