Sudarshan Sukhani, s2analytics.com is of the view that one can buy Ashok Leyland on dips.
Sukhani told CNBC-TV18, "I would still be a buyer in Ashok Leyland no matter what the results are. The charts are very good. They are suggesting that it built a base that lasted more than a year and it is now breaking out above that base. So whatever small blips can come in or small intraday or a couple of days movement, I would look to buy it on a dip."
He further added, " Idea Cellular is also a buy. This market is extremely strong on the upside. Most stocks have built basing patterns, have started rallies and there is no reason to go short in anything. So Idea suggests that there is more upmove ahead. The only point is that it's not necessary to trade in either Ashok Leyland or Idea. Probably there would be better stocks. That's a general statement. But both are in an uptrend and have to be bought."
