ASHOK LEYLAND LTD
Long

ASHOKLEY

216

  • The stock has given a breakout above its resistance given by the May 2018 all time high of 167.
  • The Monthly RSI has still not touched its Overbought zone.
  • In the past, a breakout above all time high has given a minimum test of 161.8% FR Level, so stock could see at least 250. Optimistic long term target is at 600 (423.6% FR Level).
  • Bullish view remains intact as long as price survive 165!

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