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 ₹164, which can limit the downside. Intermediate dips are likely to get fresh buyers around this support.

Ashok Leyland share price can rise to ₹182 in the coming weeks. Traders can buy Ashok Leyland shares now at ₹172. Accumulate on dips at ₹166. Keep the stop-loss at ₹162. Trail the stop-loss up to ₹174 as soon as the stock goes up to ₹177. Revise the stop-loss further up to ₹178 when the price touches ₹180. Exit the long positions at ₹182.