ASHOKLEY

Vijay Kumar Gupta | SEBI Registered Research Analyst (INH000020226) 📌 My View: Ashok Leyland remains structurally strong post bonus issuance, with steady investor confidence and technical setup aligning at support. 🟢 Key Fundamental Highlights: - 1:1 bonus share allotment completed on July 17, 2025 - Bonus shares are now trading from July 18, 2025 - No real loss to investors — price adjusted technically due to increased float - Record date: July 16, 2025 - Enhanced liquidity = higher participation in upcoming quarters 📉 Technical Insight: - CCI is reversing near the -100 support zone - TTM Squeeze remains green — momentum cooling but not lost - Price action respecting Ichimoku cloud; support at ₹121.25 holding well - Volume around 10M suggests institutional interest remains alive 🎯 What I'm Watching: - ₹121 is a critical support level - If sustained, potential re-test of ₹124.60 resistance - Medium-term investors may eye ₹132–135 zone if momentum revives