Shares of Ashok Leyland Ltd. gained 2.44 per cent to Rs 180.3 in Wednesday’s trade. It hit a high of Rs 180.55 and low of Rs 176.0 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 175.23, while the 50-DMA was at Rs 171.8. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it…
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