Ashok Leyland breaks out of the falling wedge. Post the breakout stock comes back to retrace at the support line. Later also forms a triangle pattern and breaks out of the triangle. It also forms a Cup & Handle pattern and also gives a breakout from the pattern. Stock takes resistance from Ichimoku Cloud, takes support and then breaks out.
Multiple indications, suggests that stock looks positive.
P.S.- NOT a SEBI Registered Financial advisor, please consult your advisory before taking any trades