Stock Radar: Ashok Leyland breaks out from downward sloping channel; check target and stop loss
- Posted on May 5, 2025
- By Business News Today
- 1 Views
Stock Radar: Ashok Leyland breaks out from downward sloping channel; check target and stop loss
Ashok Leyland, an automobile stock, has broken out of a downward sloping channel on weekly charts, signaling a potential uptrend. After finding support around Rs 190 and breaking above the 100-EMA, the stock shows bullish indicators like a Supertrend buy signal and a MACD crossover.
