See upside in Ashok Leyland: Sukhani

See upside in Ashok Leyland, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Ideally when numbers are coming you want to avoid a stock but Ashok Leyland the very fact that it is breaking out from Rs 25 and making small trading congestion, ADRs breaking out again tells us that there is something going on here. Whether it is after the release of numbers or in anticipation the trade is to go long in Ashok Leyland. Even at current prices after a 5% rally there still to be more steam ahead, upside is possible."
He further added, "Coal India could come to Rs 300 or even Rs 290. The short term trend is down. It is in a very long term uptrend. You ignore these 20-30 point up and down moves and you will eventually see it touch Rs 500."