Ashok Leyland may get past 52 week high of 73.80: Devang Visaria

In a chat with ET Now, Devang Visaria, Chief Strategist, devangvisaria.com talks about Ashok Leyland.

Is Ashok Leyland on the charts?

Devang Visaria: Ashok Leyland has been outperforming and just held on to it. It is moving average supports of 69-70 range and now it is moving further up. If it were to get past at 52-week high of 73.80 which is a very likely situation, you could easily find it heading to 77-79 levels.

Even from these levels with a stop of 71.50, you have a good risk reward ration for a long trade on Ashok Leyland.