Ashok Leyland is promising stock: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com (Technical Check), in a chat with ET Now, gives his views on Ashok Leyland.

ET Now: What is the call on Ashok Leyland?

Deepak Mohoni: Ashok Leyland is fairly promising. It has come up to a 2-year high, a bit of a breakout from a longish range. However, it has had a history of false breakouts but the most of them happened during last year’s bear markets. So, perhaps this one will work out given the market conditions but overall it seems pretty promising.