Ashok Leyland share price: Technical Analysis decoded
Sumeet Bagadia, Executive Director, Research at Choice Broking says that on the daily timeframe, Ashok Leyland has given a breakdown of Rising Channel formation, which indicates a bearish set-up in the counter. Moreover, Ashok Leyland stock has also slipped below 21 days Simple Moving Averages, which suggest some weakness for the near term.
Ashok Leyland Volumes has been falling down consecutively from the last three trading sessions, which shows that bear is taking a place: Reuters