Ashok Leyland – Momentum $ASHOKLEY Important Levels: Support: 255 – 248 Resistance: 278 – 290 Structure: Strong uptrend with higher highs Business: Leading commercial vehicle manufacturer in India Beneficiary of infrastructure spending and fleet replacement demand Growing presence in electric buses and defence mobility Earnings: Healthy domestic CV demand Margin improvement supported by lower input costs Positive outlook for the commercial vehicle cycle Verdict: 👉 Commercial vehicle leader 👉 Momentum remains positive