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Kundan Motwani

28th May · SEBI-Registered Analyst

Ashok Leyland Strong price action $ASHOKLEY

Ashok Leyland Strong price action after record quarterly profit and strong CV demand tailwind. Stock is showing higher highs + volume expansion + breakout continuation structure. Reuters +1 Key technical reasons: Breakout from consolidation range Holding above 20 EMA and 50 EMA Strong sector momentum in auto + industrials Volume-supported move, not weak breakout Relative strength outperforming broader market Best setup: Buy only above today’s high Avoid chasing gap-up >3% SL below breakout candle low Swing target: next resistance zone / ATH retest Another good fresh setup: Hindalco — metal momentum + breakout watch above resistance with volume confirmation. Reddit Also on radar for clean structures: Tata Steel AIA Engineering Voltas KPIT Tech Jio Financial

#WatchOutFor#StockInNews#EquityResearch#TrendingSectors#Pre-OpeningCommentary
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