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Ashok Leyland Update

21 Jul 202007:56 AM

Ashok Leyland completed a triangle like pattern in June but the initial rally was followed by a pullback to retest the lower line support. The support is at 50.65 and the immediate resistance that the upper band near 54.70. A move beyond the recent high of 53.50 should be minor wave iii higher and once it gets past the Bollinger band the next major resistance would be the top end of the triangle near 61.80

ashok 210720

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