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Mar 20, 2017 02:24 PM IST | Source: CNBC-TV18

Ashok Leyland can slide down to Rs 88, says Prakash Gaba

Prakash Gaba of prakashgaba.com is of the view that Ashok Leyland can slide down to Rs 88-89.

Prakash Gaba of prakashgaba.com told CNBC-TV18, "I am looking at Ashok Leyland. It can slide down to levels closer to Rs 89 or Rs 88 zone. Market is not showing any signs of strength. So, Rs 91 could be the stop loss."

"BPCL looks like it is holding on, it is good space to bounce if it has to and if it goes up, target is around Rs 660. It may take a day or two or three for dip because the target is aggressive. Stop loss is below Rs 636, very tight stop loss, basically the risk reward ratio is in our favour," he added.

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