Ashok Leylend: कमर्शियल व्हीकल का बादशाह, ग्रोथ का नया दौर!

Detailed Technical Analysis: Price ₹233.48 pivot, RSI(14) 43.116 Sell, STOCH(9,6) 48.668 Neutral, STOCHRSI 61.181 Buy, MACD -0.17 Sell, ADX 32.89 Sell, Williams %R -51.316 Neutral. Upside resistance ₹235.64/₹238.43/₹240.59; downside support ₹230.69/₹228.53/₹225.74. 2.12% weekly +31.70% yearly gain but -1.76% monthly consolidation signals base formation for next leg up. Strategy: Buy ₹230-233 targeting ₹240-250, SL ₹225.

Reasons for Recent Downfall: Past few days consolidation post 27% rally from November lows - profit booking at record highs ₹240+, broader auto sector pressure from Trump 25% tariff fears, Switch UK plant closure news (0.1% sales impact). Technical resistance ₹235-240 triggered 3-5% pullback despite strong fundamentals. Reason for Today's Upside Move: Jan 9 intraday bounce +1-2% bucking weak market on huge volumes - technical oversold bounce RSI 43, STOCHRSI Buy signal, short-covering near ₹230 support post tariff fears digestion. Monthly outperformance +18% vs Sensex -1.3% confirms relative strength resumption. Upcoming News/Events & Impact: Q3 Results Feb 2026: Sales est ₹119,067 Cr +25%, EBITDA ₹17,910 Cr +3.8% - beat +10-15% rally, miss tests ₹220. Battery plant updates/CALB partnership, Switch EV traction, Budget infra push positive. Trump tariff April implementation risk.