ASHOK LEYLAND LONG IDEA......

Pros
Ashok Leyland chart looks good for reversal.
Auto sector looks relatively strong compared to other sectors in this fall.

Risk:Reward
Stoploss is Trend line breakdown. Target is ATH. Which gives best Risk:Reward.

Cons: Broader Market is very bad currently. One +ve thing in this market is "It is oversold". So Risk Management is very important now.

Note This is Technical view only. No idea about Fundamentals.