ASHOKLEYLAND - मजबूत सफर, उज्ज्वल भविष्य!

Technical Analysis (Chart Based) Daily chart reveals sharp correction from ₹165 highs to ₹137 support with hammer reversal on volume spike - classic oversold bounce. RSI(32.87 neutral), MACD(-0.35 bearish but slowing), ADX(58.77 strong trend bullish). Pivots: S1 ₹135.86, Pivot ₹137.53, R1 ₹139.32-141.61; 200-SMA ₹115.42 structural support holds.

News & Events Feb Sales: +28% domestic (20,314 units), exports strong Press Conf Clarification: Not material (Mar 6) RAK Plant: Production -15-20% due Iran war supply chain hit, demand intact Impact: Short-term negative (supply), long-term positive (demand). Global Cues & War Impact Iran war disrupts RAK exports (15-20% production cut via Hormuz blockade), higher diesel/commodity costs hit margins; rupee/FII outflo!ws pressure. CV demand resilient but capex delay risk. Auto sector volatile. Rally Sustainability Aaj की buying short-term bounce likely (RSI relief + volume), sustain if ₹139 R1 breaks with close; else retest ₹135. Probability 60% bounce continuation. Yes, buy at current ~₹137-139: Oversold RSI divergence, 200-SMA support, Feb sales beat, intrinsic undervaluation, SL ₹134.