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Umang Bhutada

25th Nov · SEBI-Registered Analyst

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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