Friday, May 17, 2013



ASHOK LEYLAND is well known in entire auto pack.Stock was trading in a range 22.55 to 24.2 for almost 3 months till now. Stock made a double bottom in weekly chart at 22.55.Stock is moved good today with considerable volumes. Again stock may retest the channel range top at 24.2.

200 DEMA also lying at the same range arounf 24.1. One can buy the stock at CMP for targets of 24.1. If stock crosses 200 DEMA and breaks out of this trading range, there would be a good upmove till 25.6/27.5
Buy the stock at CMP with SL at 22.6

Once can also play in options to cash the quick move.

No comments:

Post a Comment