Ashokleyland
Ashok Leyland; Is it going down the laneAshok Leyland
CMP 100.05
The stock has broken below important zone of 105-110 which acted as support on several occasions for more than year.
Given the setup things look bleak for the stock and can be headed much lower towards 92 / 84 / 66.
View gets invalidated if the stock starts sustaining above 106-110 in the broader setup.
Take care and safe trading...!!!
Ashokley Analysis 08-Nov-2017CMP 122.05
Res: 133.9
Sup: 80.75/73.5
Base Support: 6.15
As long as 80.75 holds, we can see 133.9 again and durther 141.5-143.4, 151-155, 165.
We are in last up move of this cycle. I expect a big fall after next up move (support zone will be between 113-73).
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