Ashok Leyland- Exposure with Caution
Ashok Leyland has entered into an interesting phase for the following
- It has almost reached its lows after the crash of May. At 29, it would touch these levels. Even the channels indicate this as a strong probability.
- On a fibonacci chart, the stock retraced to 38.91% before retracting again back to these levels to 31.
- The MACD chart has reduced the divergence between the 9 day EMA and the 12-26 day EMA.
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