GEPL Capital has come out with its report on to trading picks. The research firm maintains buy rating on Ashok Leyland and sell rating on Biocon.
Ashok Leyland: After making high of 41 in 2010, Ashok Leyland was in strong downtrend and witnessed the fall till the mark of 20. From last nine months this counter was trading in range of 24 & 28 forming a triangle type of pattern of weekly charts. After a very long consolidation this counter has given breakout from its range trading activities and has given a close above its short term as well as long term moving averages that too with strong volumes which indicates a strong up move in coming time. In today