Ashok Leyland entered a bullish run on Dow Theory from the bottom at 81.2 on 19-Apr-2017.
After that bottom it witnessed continued higher top and higher bottoms which created a buying opportunity at first higher top at 97 on 03-Jul-2017. This breakout was also supported by very high volume on the day.
The stock continued with the higher top – higher bottom pattern until it’s first lower bottom on 25-Jun-2018.