Ashok Leyland
Hello everyone. Today we are sharing the present levels and indications shown by Hinduja Group Company "Ashok Leyland". One of the leading automotive manufacturing company having a long powerful history.
Recently there were news that company will going to start a partnership with TESLA group for manufacturing E-vehicles in India, well no comment on that. But it looks that company is interested for the same.
Well as per chart, the stock traded very well after Indian elections results and formation of new government. Even on 04.06.2019 when the market was in bear mode as profit booking drag the market, the scrip "ashok Leyland" shows very strong positive mood, buyers ae highly active, even in seller market, shows the confidence of the people on the stock.
You can also visit our website www.mynsetrade.com for more details.
Now lets have a look on the chart:
If you want to take a short term position, you can do that for new target of 100 DEMA.
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