After witnessing
Ashok making some lows, I smell some bullishness in this stock. It is recent; I
have spotted a falling wedge formation along with a divergence forming. According
to me, Ashok Leyland is going to make a new low then will get ready to shoot
high.
We have
recently seen MACD making a negative crossover and RSI giving a buy signal.
Conclusion: wait
till pattern complete, look for divergence.
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