Ashok leyland - Rs.46/- the stock has made an all time high today. It has moved above 41 its previous high and is trading above it from then onwards. All time high is a buy and as it has made just all time high the margin of safety is very high as any move below the break out line triggers us to close our position and protect out profits. It is on the the cheapest stock available in the heavy vehicle segment and fundamentally it appears that it might start performing well in the coming quarters.As technicals have give a all time high it appears that investors are prepared to pay high price for the stock itself is indicating that they might be expecting fundamentals to improve in comming quarters or years. 

May all be Peace-full and Happy

M.Mahiidar

Enjoying Life

Trend is friend.