Ashok Leyland - Fibonacci Retacement & Trendline Breakout!!!

Ashok Leyland had now rested as per Fibonacci levels. The stock is also testing the trend-line. A break-out of the trend-line with volumes with lead the upward journey again. Other factors:

1. Positive news - Ashok Leyland bags orders for 1666 new buses from Tamil Nadu Govt. to be executed between November 2023 and March 2024

2. RSI diversion - moving upwards

3. MACD - On the verge of being postive

4. Trendline breakout

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