Buy Ashok Leyland, Jubilant Food; Sell Biocon: GEPL

GEPL Capital has come out with its report on top trading picks. The research firm recommends buying Ashok Leyland, Jubilant Food and selling Biocon.

Ashok Leyland: After a high of 41 in 2010, Ashok Leyland witnessed a fall till 22 indicating a strong downtrend. The stock has been trading in the range of 24 & 28 forming a triangle pattern in the weekly charts. After a very long consolidation this counter has given breakout from its range trading activities and a close above its short term as well as long term moving averages, with strong volumes. This indicates a strong up move in coming time. In today

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