Friday, 1 April 2016

Ashok Leyland- Share for trading or investment

    Ashok Leyland is looking very good and showing good strength on chart. This stock is currently trading at Rs.110/- on NSE with huge volume. One should buy it with strict stoploss of Rs.107/- for intraday 1st target of Rs.114/- and 2nd  target of Rs.116/-. One should hold this stock with above said stoploss. A fresh momentum should be seen in this stock from these level. In short term the stock may see the level of Rs.122/- to Rs.125/- Now the stock is trading over its 200 days moving average with almost 46% delivery volume.Today Ashok Leyland has reported 31% increase in total sales at 16,702 units in March 2016, as against 12,754 units in the same month last year. It is showing good result. One should hold it patiently.

 I am not registered with SEBI and also not have any financial interest over any particular stock. Here  I share only my personal views and ideas of trading and investing in the Indian stock market. Before investing or trading one should consult his professional adviser or should take his own decision. I/blog author will not be responsible for any loss or profit due to trade or invest through effecting by my ideas or views. Before trading or investing one should apply his own mind or consult his professional financial adviser.
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