ASHOK LEYLAND | TECHNO-FUNDA ANALYSIS
Ashok Leyland (4H Chart)
ASHOKLEY
IMP Levels:
Fresh Breakout: ₹152.9
Breakout & Retest Level: ₹144–145
Support Levels: ₹138, ₹134, ₹127
Company’s Business:
Major CV manufacturer — trucks, buses, defence vehicles; strong domestic market share.
Earnings:
Healthy volume growth, better operating leverage; earnings improving with CV cycle uptrend.
Verdict:
Holding breakout retest nicely. Bullish above ₹145; next move triggers on sustained close over ₹153.
#TechnicalViews#FundamentalViews

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