Ashok Leyland — Auto Momentum on Full Throttle 🚛

zoomed 7.25% higher to ₹159.8, marking a strong breakout with record volume (90M+ shares). The rally comes as commercial vehicle demand remains robust and investor sentiment improves across the auto space. Technical View: Price broke out from ₹150 resistance with a huge bullish candle and heavy volume confirmation. RSI (14) at 74.7 indicates strong momentum — mildly overbought but still trending. Sustaining above ₹155 could fuel further rally toward ₹165–₹172; support near ₹150. Short-term trend: Strongly bullish; dips may be bought. Fundamental View: CV sales recovery continues with higher fleet utilization and government infra spending. Bus and LCV demand rising post-festive season. Margins improving on lower input costs and better product mix. Analysts expect FY26 earnings growth above 20%, driven by operating leverage.