Shares of Ashok Leyland Ltd. gained 2.31 per cent to Rs 189.65 in Tuesday’s trade. It hit a high of Rs 191.35 and low of Rs 185.6 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 176.01, while the 50-DMA was at Rs 172.37. 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…
Read More…