The short-term outlook is bullish Ashok Leyland. The stock has begun the week on a strong note by surging over 4 per cent on Monday. This confirms an inverted head and shoulder pattern on the chart. The neckline support of this pattern is at ₹169. The 200-Day Moving Average (DMA) support is at ₹167. So, ₹169-₹167 will be the support zone which can limit the downside if price dips from here. Ashok Leyland share price can go up to ₹200 in the coming weeks. Traders can buy Ashok Leyland shares now at ₹174. Accumulate on dips at ₹170. Keep the stop-loss at ₹162. Trail the stop-loss up to ₹177 as soon as the stock goes up to ₹181. Revise the stop-loss higher to ₹183 and ₹188 when the price touches ₹187 and ₹191 respectively. Exit the stock at ₹194.Video Credit: Businessline(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)Published on August 4, 2026