HomeNewsBusinessStocksAshok Leyland may slide to Rs 90, short Vedanta: Prakash Gaba

Ashok Leyland may slide to Rs 90, short Vedanta: Prakash Gaba

Prakash Gaba of prakashgaba.com is of the view that Ashok Leyland may slide to Rs 90 and advises shorting Vedanta.

February 22, 2017 / 16:30 IST
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Prakash Gaba of prakashgaba.com told CNBC-TV18, "Ashok Leyland looks a bit weak, it looks like more of an exhaustion pattern in the upper regions. The stock can slide down to levels closer to Rs 90. It may take couple of days for that but looks like Rs 90 is on the cards.""Vedanta also is looking a bit tired in the upper region. That perhaps is due to F&O expiry. There is a good support in the lower regions, perhaps to around Rs 255. So, we can see a slide in Vedanta to Rs 255, stop loss should be about Rs 270, trade short," he said.

first published: Feb 22, 2017 04:25 pm

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