Ashok Leyland share price: A drop under Rs 118 may test lower support till Rs 112 level, says Bonanza Portfolio
Ashok Leyland shares have managed to multiply more than four times from the lows of March 2020 but still, it is far away from the all-time top of May 2018 i.e. Rs 167.50, says Vishal Wagh, Research Head at Bonanza Portfolio. Ashok Leyland share price today is Rs 125, up Rs 1.2 or 1%.
Vishal said that on the daily chart, post bearish diversions on RSI last month, the stock has corrected from Rs 138 to Rs 121 and now it is again testing its recent highs but the RSI has failed: Reuters