ASHOK LEYLAND
Sector: Consumer Cyclicals
Industry: Auto & Truck Manufacturers
Employees: 11835
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,...
Plan.1 buy zone at 80 with strict sl of 77.5 closing and p1 at 90
Plan 2: buy above 90 with sl of 87.5 and trail the tsl as may become w3.
plan 3: breakdown of 77.6 leads to 72.50
plan 4: further breakdown of 72 leads to 55 as mega c wave.
Rectangular breakout through resistance. Given pullback at resistance. Trend-line breakout. 20dma crossed 50dma indicating positive momentum. Volumes higher than 10 day average. Price crossed 100dma and given pullback at 100dma. Target-120, SL-90
Stock is in a downtrend, and has witnessed a counter trend pullback to the down-sloping trendline. Price expected to come down to atleast 88, and eventually may give a new low.
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, automotive aggregates, vehicle financing and engineering design services. It offers a range of 18 to 80-seater buses under categories, such as city application and electric buses. It offers a range of trucks, which include long haul trucks, mining and construction trucks, and distribution trucks. It designs, develops and manufactures defense vehicles for armed forces. It offers Light Vehicles, which include DOST, PARTNER, STiLE and MiTR. It offers power solutions for electric power generation, agricultural harvester combines, earth moving and construction equipment, and marine and other non-automotive applications. It has operations in India, Sri Lanka, Bangladesh, Mauritius, the Middle East and Africa.
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ASHOKLEY
