ASHOK LEYLAND LONG IDEA......
Pros
Ashok Leyland chart looks good for reversal.
Auto sector looks relatively strong compared to other sectors in this fall.
Risk:Reward
Stoploss is Trend line breakdown. Target is ATH. Which gives best Risk:Reward.
Cons: Broader Market is very bad currently. One +ve thing in this market is "It is oversold". So Risk Management is very important now.
Note This is Technical view only. No idea about Fundamentals.
Ashok Leyland chart looks good for reversal.
Auto sector looks relatively strong compared to other sectors in this fall.
Risk:Reward
Stoploss is Trend line breakdown. Target is ATH. Which gives best Risk:Reward.
Cons: Broader Market is very bad currently. One +ve thing in this market is "It is oversold". So Risk Management is very important now.
Note This is Technical view only. No idea about Fundamentals.
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