Stock Radar: Ashok Leyland nearing breakout from Ascending Triangle pattern; what investors should do

Ashok Leyland stock declined nearly 3% in a week and over 6% in a month, nearing its 200-EMA on the daily charts. The supertrend indicator signaled a sell on January 9, 2025. However, a close above Rs 240 could trigger long positions, targeting Rs 300, as it would also breach the Ascending Triangle's upper trendline. Currently, the stock trades below key short- and long-term averages, including 5, 10, 30, 50, 100, and 200-DMA.