Business Standard

Two technical stock picks by Vaishali Parekh of Prabhudas Lilladher

Ashok Leyland stock has witnessed a decent correction from Rs 143 level and bottomed out near the significant 200-DMA level of Rs 116

Markets, stocks, buy, sell, trading, shares, stock market
Web Exclusive Premium

Vaishali Parekh Mumbai
BUY ASHOK LEYLAND | CMP: Rs 120 | TARGET: Rs 134-138 | STOP LOSS : Rs 114

The stock has witnessed a decent correction from Rs 143 level and bottomed out near the significant 200-DMA level of Rs 116. It is currently indicating a positive candle pattern with improved bias. The RSI has also indicated a reversal from the oversold zone and a buy with the potential to rise further upward. We suggest buying this stock for an upside target of Rs 134-138, keeping the stop loss at Rs 114. CLICK HERE FOR CHART

BUY SHRIRAM TRANS FINANCE | CMP:

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 30 2021 | 8:00 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com