Bose told CNBC-TV18, "Ashok Leyland has shown some correction in the last three trading sessions, Rs 52-54 is a resistance area and Rs 46.90-47.10 is the level where some support is there. So, if Rs 46.90 is not broken then one will see some kind of a jump, I am still positive on this stock."
He further aded, "Once it crosses Rs 50 this time, it will cross that Rs 52 mark and might get resisted around Rs 52.50-53 levels and overall the medium term target one can make about Rs 61-64. So, I would say that even if Rs 46.90 gets broken, one buy it for delivery with a stoploss below Rs 43 because I really do not expect it to break Rs 43 now."
