Ashok Leyland has created a cup and handle formation on weekly charts, which would be validated if price crosses 175 with good volumes. Keeping a stoploss of previous swing low, [ around 130 ] it can be a good postional trade setup. That said, it is always a great idea to trail your profits using moving averages or ATR or any trend following indicator.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.