Ashok Leyland has broken out on the daily chart, with the price moving above the 200-day moving average. This is a bullish signal, and the stock could continue to rise in the coming days and weeks. The stock is currently trading at around 181.95, and the target price for a breakout is around 187.50. However, if the stock breaks above 187.50, it could target 190 or even higher.
The recent breakout is being driven by strong fundamentals. Ashok Leyland is a leading commercial vehicle manufacturer in India, with a strong track record of profitability and growth. The company is well-positioned to benefit from the growth of the Indian economy, and its stock could continue to outperform in the coming years.
The recent breakout is being driven by strong fundamentals. Ashok Leyland is a leading commercial vehicle manufacturer in India, with a strong track record of profitability and growth. The company is well-positioned to benefit from the growth of the Indian economy, and its stock could continue to outperform in the coming years.