Sensex, Nifty, Share Prices Live Updates: The short-term outlook is bullish for Ashok Leyland. The stock has made a bullish breakout of its channel. That keeps the broader uptrend intact. The 3 per cent rise on Thursday indicates that the upmove is gaining momentum. Support is at ā¹164, which can limit the downside. Intermediate dips are likely to get fresh buyers around this support.
Ashok Leyland share price can rise to ā¹182 in the coming weeks. Traders can buy Ashok Leyland shares now at ā¹172. Accumulate on dips at ā¹166. Keep the stop-loss at ā¹162. Trail the stop-loss up to ā¹174 as soon as the stock goes up to ā¹177. Revise the stop-loss further up to ā¹178 when the price touches ā¹180. Exit the long positions at ā¹182.
