“Ashok Leyland stock price has undergone a measured decline while trading within a downward channel. However, it managed to hold its crucial medium-term support at the 100-week exponential moving average (100 WEMA) during this phase. Traders can buy for a target of Rs 260 in the next 2-4 months,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.
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