2025-05-15 12:56:43 pm | Source: Religare Broking
Stock of the day : Ashok Leyland Ltd For Target Rs. 245 - Religare Broking Ltd
Ashok Leyland Ltd
Buy Ashok Leyland Electricals Ltd CMP 234.53 Range 234-235 SL 229 Target 245
* Ashokley witnessed a breakout from its multi-month declining channel, marking the end of its corrective phase.
* The stock then traded in a range, forming an elevated base near the breakout zone, which aligns with its 20 WEMA.
* It has now surpassed this range with notable surge in volumes, looking set to resume its longer term uptrend.
* Traders can initiate longs in the mentioned range.
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