Ashok Leyland : Bullish post good Q4FY17 results

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Scrip can break the current resistance level and set new levels
YOY : Company's net profit stood for the quarter stood at Rs 476 crore against a loss of Rs 141 crore in the fourth quarter last year
Board has recommended a Dividend of Rs . 1.56 per share (156%) for FY 2016-17 which might pull more buyers
Trade active: Green candlestick engulf corroborated strong volume showing strong reversal. Bulls are pushing the trend and the scrip closed at 91.30
The trend continues and it is bound to cross resistance level - 96
Trade active: Triple bottom could be on the cards. Shorters are managing to pull the scrip down from reaching resistance level
Nevertheless, Accumulate and buy more scrips at dips. You never know when the uptrend goes beyond TP..
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