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How To Trade : Ashok Leyland, Fortis, GMR Infra and Indian Oil Corporation ( IOC )



GMR Infra Stock is trading range bound and trying to cross resistance of 30-31, above which stock can rally towards 34-35 in no time.







Indian Oil Corporation (IOC) Stock is looking good on charts and can test 109-15 to 121-29 in coming weeks. However below 102 stock can test support levels of 97-95






Fortis : Stock is in continuous uptrend, and once crosses 260 we expect stock to test 271-85 to 300-310 in coming days. All the indicators on daily as well weekly charts showing bullishness.





Ashok Leyland : Stock is facing stiff resistance around 135-40 and has come down to 128. A double top pattern is also identifiable which indicates more downside on this counter. However stock has some support around 126 but if failed to hold we advise you to add  more shorts below 125 for short term targets of 120-15 to 108 in coming days. Stoploss can be  placed at 131, above which we expect fresh move towards 137-45.



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