Ashok Leyland nears breakout, bonus ahead. ➡️On the weekly chart, Ashok Leyland is trading above its Upper Bollinger Band & the band width is increasing. Indicating increase in Volatility. ➡️The Momentum Indicator - RMI is in a Bullish mode. Last year in April, the stock price rallied significantly in the same above technical conditions. ➡️The company's board will consider a proposal for issuing bonus shares during today's meeting. If approved, this would mark Ashok Leyland's first bonus issue since 2011. Can the prices rally again? Let us know in the comments here: https://x.com/strike_ic/status/1925788620356505709