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Umang Bhutada

12th Nov · SEBI-Registered Analyst

ASHOK LEYLAND | TECHNO-FUNDA ANALYSIS

Ashok Leyland Ltd – 1D

ASHOKLEY
Trend: Short-term correction after a strong rally; stock consolidating near breakout. Support: ₹138.3 | Retest Level: ₹134.2 | Major Support: ₹127 Resistance: ₹144.6 (fresh breakout) | Next Target: ₹150–₹156 Technical View: After a breakout around ₹144, the stock saw mild profit booking. A retest near ₹138–₹134 zone is healthy for continuation. As long as ₹134 holds, trend remains positive. Fundamentals (Short): A leading CV player with strong domestic demand recovery, improving margins, and EV expansion plans. FY25 revenue growth >15%. Verdict: ⚡ Buy on dip near ₹138–₹134 with SL ₹127; targets ₹150–₹156.

#FundamentalViews#TechnicalViews
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