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Ashok Leyland, Positional Trade Idea.

Ashok Leyland has created a cup and handle formation on weekly charts, which would be validated if price crosses 175 with good volumes. Keeping a stoploss of previous swing low, [ around 130 ] it can be a good postional trade setup. That said, it is always a great idea to trail your profits using moving averages or ATR or any trend following indicator.
Cup And HandleSupport and ResistanceVolume

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