Stock Review: Ashok Leyland. Rightly Priced. Stock needs to break 82 levels.
Stock is currently trading in a narrow range 77-81. Stock can reach 65 levels on breakdown of 75-76 levels on a weak market and move to 99-100 levels on a strong market breaking above 82 levels.
Long term and medium term investors can add the stock at current level with SL of 75.5 with a target of 135 in 1 year.
Short term traders can wait for the stock to cross 82 levels for a target of 99 in 3 months.