Ashokley longterm chart analysis

Jun 14, 2020

ASHOKLEY has given more than 10X return whenever it touched the lower trendline in long term chart.

Stock : Ashok Leyland
CMP : 53
Current PE : 16
8 Years Average PE : 27

Entry Range : 40 - 45
Stop Loss : 38 - 35 ~ 20%

Swing Target : 57 - 60 ~ 35%
Positional Target : 80 - 90 ~ 100%
Long Term Target : 300 - 350 ~ 700%

Allocation : 5%

Risk’s:
High debt
Low PAT margins
Promoter holding pledged