AshokLeyland - Price Action

raj_rishav Updated   
The stock has several resistances lying ahead of it & it is sitting at a crucial resistance/support at 51.35.
Positive news:
1. Defense spending
2. Earnings coming up
3. Its British subsidiary made EV Buses delivery for London's equivalent of DTC/BEST; With Delhi's EV policy shaping up + Anti-China sentiments deeply ingrained; it's an Indian front-runner for supply of EV buses! Its a good portfolio pick in my opinion.

Buy above 52 for 52.6, 53.4, 55 with SL at 51.35
Refer the linked Fib levels idea for Fib Retracement levels.

These are NOT trading advice!
The intention is to gather feedback on them, so please drop in a comment if you find areas of improvement.
& If the idea makes sense to you - like it & share comments :)
No trades triggered so far.
Trade active:
Buy triggered - Holding overnight positions.
Trade closed: target reached:
Not taking risk on volatility after today's earnings release. SBIN & Indigo have satisfied the greed already. Exiting at CMP


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