Ashok Leyland - Long term uptrend resumes ?

After a steep fall of 3 months, looks like Ashok LeylandASHOKLEY has resumed its upward journey from August.

I can see that the stock has reversed from its long term trendline forming a Bullish Engulfing candle.

Also, it has reversed after retracing 61.8% of its previous upmove.

Good stock to accumulate with a stop loss below 110 levels.

Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.