Sector: Consumer Cyclicals
Industry: Auto & Truck Manufacturers
Ashok Leyland Limited is a holding company. The Company is engaged in Commercial vehicles and related components. Through its subsidiaries, it is engaged in manufacturing and trading in Medium and Heavy Commercial Vehicle, Light Commercial Vehicles, Passenger vehicles,...
Ashok Leyland LTD (NSE: ASHOKLEY) is about to go south as it is very close to triggering a Bearish Move as per TTC Breakout Formation. The Critical Make-Or-Break Zone is at around 123. If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers taking it further down.
For Short-term targets, Trader should eye on 120 Zone. Then 116 is the...
It seems that Ashok Leyland has completed a Flat pattern with an extended c wave (c=1.618*a). It can be longed with a small SL of yesterday low for new highs. Further confirmation would be above the UTL.