Ashok leyland is showing a very nice wave formation at current level it looks like we have completed wave A and heading for wave B which has 3 wave in it and two waves already over and now we are heading for the third wave which is trade able for a very short target of 127 but if the whole ABC correction is over than we are heading for bigger Wave 3 which can extend to 270-80 levels from current level which will be a great trading opportunity above the down trend line coming from top of wave 5 of 1