Ashok Leyland share price has the power to make you rich! Check stock market experts' tips
Rich pickings: Ashok Leyland share price is currently trading in the range of 73-81 range and once it breaks the upper resistance of Rs 81 per stock levels, it will hit Rs 94 in two months, say experts.
Ashok Leyland share price soared and this has caught the attention of both stock market experts and investors. According to the experts, Ashok Leyland share price is currently trading in the range of 73-81 range and once it breaks the upper resistance of Rs 81 per stock levels, the auto major would hit Rs 94 per stock levels in just two months time. Currently, Ashok Leyland share price is oscillating around Rs 76 per stock levels. Yes, that means Ashok Leyland share price is poised at a critical juncture and has the potential to make you rich!
Speaking on the Ashok Leyland shares, Simi Bhaumik, a SEBI registered technical equity analyst, told Zee Business Online, "The Ashok Leyland share price is facing strong resistance at Rs 81 per stock levels. Once it breaks this resistance, there can be some fresh momentum coming into the auto major." She advised stock market investors to hold the Ashok Leyland counter.
See Zee Business Live TV below:
On strategy for those who don't hold Ashok Leyland shares, Prakash Pandey, MD & CEO at Plutus Advisors said, "One can take a buy position in Ashok Leyland shares at around Rs 75 per stock levels with stop loss at Rs 69. Once it breaks the Rs 81 per stock resistance, it is expected to hit Rs 94 per stock levels in 60 days or two months. So, in my opinion, one can buy Ashok Leyland shares at Rs 75 levels for the target of Rs 94 in sixty days with a stop loss of Rs 69." He also advised taking trailing stop loss at Rs 77 when the Ashok Leyland breaks Rs 81 resistance.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.