ASHOK LEYLAND: BUY
STOP LOSS: Rs 100
TARGET: Rs 107.50
The stock held onto its multiple supports around its 100
zones at its 50 DMA on daily and weekly chart even after profit booking
being witnessed in the broader market. The overall trend of the stock is
intact to positive and has been respecting to its 35 weekly moving
average on closing basis from last two years. Thus a positive move
towards 107.50 and higher levels cannot be ruled out
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