Ashok leyland showing a nice wave structureAshok leyland is showing a very nice wave formation at current level it looks like we have completed wave A and heading for wave B which has 3 wave in it and two waves already over and now we are heading for the third wave which is trade able for a very short target of 127 but if the whole ABC correction is over than we are heading for bigger Wave 3 which can extend to 270-80 levels from current level which will be a great trading opportunity above the down trend line coming from top of wave 5 of 1
Ashokleyland
Ashok LeylandIt is a Weekly Chart.
Around the zone of 100 is an intersection of a few resistances, so it is better to enter above 101.
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Ashok Leyand - 124 coming soonAshok Leyland has seen a good bounce back. All the mis conception of commerical vehicle sales slowing down seem to be negated. With the covid vaccine launch any time soon the demand for cold storage vehicles will drastically shoot up to make sure the vaccine reaches every corner of the country.
Buy with a target of 124 for now and watch out for more based on the trend.