Mehul Kothari expects Ashok Leyland to break its all-time high; Check why

According to the technical analyst from Anand Rathi, Ashok Leyland can potentially break its all-time high at Rs 169.45, while he is also bullish on Lupin.

BUY

Ashok Leyland

Buy Above: Rs 154

Target: Rs 166

Stop Loss: Rs 148

The stock Ashok Leyland is on the verge of a breakout which will get confirmed above Rs 154. The daily RSI-14 has already crossed 50 mark and indicates strength. After the confirmation of breakout, the stock has potential to break its life time high of Rs 169.45 in the coming weeks.

Thus, we advise traders to buy the stock above Rs 154 with a strict stop of Rs 148.

BUY

Lupin

Buy Near: Rs 755

Target: Rs 810

Stop Loss: Rs 725

On the daily chart of Lupin we are witnessing a range breakout above Rs 750 mark