Ashok Leyland Share Price: Experts recommend 'buy' on Unlock 5; unveil this strategy to boost returns
Ashok Leyland Share Price: Hitting its one-month nadir of Rs 67.40 on 24th September 2020 due the heavy selloff across sectors on Dalal Street, Ashok Leyland shares have been on song since then.
Ashok Leyland Share Price: Hitting its one-month nadir of Rs 67.40 on 24th September 2020 due the heavy selloff across sectors on Dalal Street, Ashok Leyland shares have been on song since then, even scaling to Rs 76.25 levels on Thursday when markets closed. During this one week's time, the auto stock soared around 13 per cent making a strong breakout on the technical chart.
Speaking on the Ashok Leyland share price target that investors need to keep in mind, Sumeet Bagadia, Executive Director at Choice Broking said, "The reason for rise in Ashok Leyland share price is due to the unlock 5 guidelines implemented across nation and the recent statement by the Union Minister Nitin Gadkari that scrappage policy to be implemented soon. Currently, Ashok Leyland share price has a strong hurdle at Rs 87 levels and once it clears this we can expect it to hit Rs 95 in two to three weeks."
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Revealing what the technical chart has in regard to the Ashok Leyland share price target, Rohit Singre, Senior Technical Analyst at LKP Securities said, "Ashok Leyland share price has strong support at Rs 66 and is showing some upside move after making a strong breakout. So, one can buy Ashok Leyland at around Rs 74 levels for the immediate short-term target of Rs 86 maintaining the stop loss at Rs 66."
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