ASHOK LEYLAND
Ashok Leyland has formed head and shoulder pattern in daily chart, technical indicates bulls action can be seen once it closes and holds above its trend line resistance zone @ 93.
As long as it holds below trend will be mix with no clear direction.
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On 01st March 2015, Ashok Leyland opened at 88.20, made a high @ 91.35, low @ 88.20 and closed @ 91.05 up by Rs. 3.40 (3.88%).
Stock was on news :-
Ashok Leyland on Tuesday 01st March 2015 reported a 25% increase in total sales at 13,403 units in February 2016.
The Ashok Leyland sold 10,762 units in the same month last year (2015).
The jumped is 31% to 10,798 units in February as against 8,230 in the same month in 2015, as per given statement by company.
The company's light commercial vehicles sales went up 3% to 2,605 units as against 2,532 units in February 2015
