Ashok Leyland LTD (NSE: ASHOKLEY) is about to go south as it is very close to triggering a Bearish Move as per TTC Breakout Formation. The Critical Make-Or-Break Zone is at around 123. If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers taking it further down.
For Short-term targets, Trader should eye on 120 Zone. Then 116 is the next support. For Swing Traders, 109 Zone is Very Critical. Below which we can see a good amount of selling.
Ashok Leyland is an Indian automobile manufacturing company headquartered in Chennai, India. It is owned by the Hinduja Group. Founded in 1948, it is the 2nd largest commercial vehicle manufacturer in India, 4th largest manufacturer of buses in the world and 12th largest manufacturer of trucks globally. Operating nine plants, Ashok Leyland also makes spare parts and engines for industrial and marine applications.
For Short-term targets, Trader should eye on 120 Zone. Then 116 is the next support. For Swing Traders, 109 Zone is Very Critical. Below which we can see a good amount of selling.
Ashok Leyland is an Indian automobile manufacturing company headquartered in Chennai, India. It is owned by the Hinduja Group. Founded in 1948, it is the 2nd largest commercial vehicle manufacturer in India, 4th largest manufacturer of buses in the world and 12th largest manufacturer of trucks globally. Operating nine plants, Ashok Leyland also makes spare parts and engines for industrial and marine applications.