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ASHOK LEYLAND – WE CAN CONSIDER FOR SHORT TERM MOVEMENT

ASHOKLEY

recently stock able to move above its 6th months high level.

price able to touch its long term resistance level, in last trading session at 19 level.

there is, also a development of “ASCENDING TRIANGLE” on chart, where price crossing the high level now.

Recently price able to break the recent high but rsi still not able to reach the higher level yet.

so there is a development of “BULLISH POSITIVE DIVERGENCE” on chart now.

so overall basic study indicate that, if stock able to give close above 19.50 level then one can hold positional buy in this stock with sl at 14.50 level for target of rs. 25-28-32

 

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