Ashok Leyland may touch Rs 136: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Technically there is a possibility that Ashok Leyland might scale up to the highs reached in October; that was a little above Rs 133. In fact my target for early February is about Rs 136 and I would suggest putting a stoploss below Rs 105 or so because if it were to go to about Rs 133-135 and not take out Rs 136 decisively, at least half of the positions I would liquidate because this stock will give another chance to re-enter at lower levels."

"So that would be a good opportunity, book a short term profit. The long term looks pretty good even on the charts, so that way you can trade this as well as hold for the long term," he added.