Ashok Leyland Share Price Forecast 30th Nov 2015
Ashok Leyland Share Price today touched and achieved our first target which we had predicted on 7th Nov 2015.
When the Share Price was languishing at lower levels we had clearly predicted both time and price bottom and had predicted a target price of 97. Today based on positive news flow Ashok Leyland has achieved our first target.
The Chart pattern / wave behavior is indicating a very good time for the share price as we feel as per our analysis that the next target of 105 will also be achieved in the final tezi cycle that Nifty has stated. We do not see any significant downside for the share price and all dips need to be bought into. (Buying must be done only at small stop loss points or low risk entry points. Do not buy blindly anywhere and anyhow. )
Ashok Leyland Trend will be outperforming the Nifty basket and it is in the league of bullish stocks like IDBI, PNB, Tata Motors. We expect a target of 105 to be achieved shortly.
Good Trading To You!