Stocks

Trading Setup

<p>Ashok Leyland took support on the 40dema today at 120.20, which should be an important support. The major support would be the lower end of the channel at 115. While I have marked the decline as wave 4, it sould stil be wave 3 subdividing. In either case holding these support levels we can see a move back to the top end of the channel near 164 again.</p>
<p><img src="https://api-media.indiacharts.com/public/images/article-images/ashok53391.png" alt="Ashok Leyland took support on the 40dema today at 120.20, which should be an important support. The major support would be the lower end of the channel at 115. While I have marked the decline as wave 4, it sould stil be wave 3 subdividing" width="770" height="499" /></p>

Ashok Leyland took support on the 40dema today at 120.20, which should be an important support. The major support would be the lower end of the channel at 115.