Trendline Support (Post-COVID): Ashok Leyland appears to be testing a key trendline that it has been following since the COVID-19 recovery period. This trendline, has been tested multiple times before, can act as strong support.
Fibonacci 50-61% Retracement (Demand Zone): The stock is currently sitting in the 50-61% Fibonacci retracement zone "golden zone"
The trendline support and Fibonacci retracement levels makes it an ideal zone for bullish setups.
Fibonacci 50-61% Retracement (Demand Zone): The stock is currently sitting in the 50-61% Fibonacci retracement zone "golden zone"
The trendline support and Fibonacci retracement levels makes it an ideal zone for bullish setups.
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