Technical calls from Prabhudas Lilladher: Buy Ashok Leyland, TV18 Broadcast

Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
 
ASHOK LEYLAND - BUY
CMP: Rs 85.55   
TARGET:  Rs 90  
STOP LOSS: Rs 82.50
 
The stock has corrected from around 89 levels and has maintained and consolidated near the 83 levels. The RSI indicator has indicated a buy signal with a trend reversal and also stock has given a good spurt with volume participation. We recommend a buy in this stock with an upside target of 90 keeping a stop loss of 82.50
  
TV18 BROADCAST - BUY
CMP: Rs 41.45