Wednesday, June 20, 2012

Ashok Leyland -A MultiBagger,Buy/Sell/Hold,Growth Pospects and Recomendation,News and Results,Target Price and Analysis,Views and Outlook,Hot Stocks/Picks


Ashok Leyland (ASHOKLEY) Closes  at  `24.95  with a LOSS of -0.40% on 19 June 2012 with formation of  a Inverted Hammer on Daily  Price Chart .Technically, ASHOKLEY is in Bearish Phase and Like to Give Positive Break-Out in & around `23.70.Major Momentum Indicators ie MACD  HACo are Bearish.
We Recommend to BUY:   ASHOKLEY       at   CMP                  
Target : `28.40/33.00
Stop: Loss :`23.70
 Time Frame: 5-15 Trading Days
Editor’s Note : This Article is written by Vina S Singh, Senior  Chartist at  www.niftynext.com , which is a Technically Based Quant Research Firm at M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks(Trades at NSE) & In-Depth Analysis of Indian Equity Market,Major World Indicies,Bonds,ETFs. We use Ami Broker Charting Software (V-5.50),Pattern Explorer & AmiTools-Power Scan(V-1.3.6).You can reach the Chartist here mail@niftynext.com Or Over Phone at +91 80171 98633 Or SMS at +91 880 2230 836

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