New Delhi, Aug. 19 -- On Monday, 18 August, the Nifty 50 surged 245.65 points or 1.00% to close at 24,876.95, while the Sensex advanced 676.09 points or 0.84% to settle at 81,273.75. The Nifty Bank also moved higher by 393.05 points or 0.71% to end at 55,734.90, reflecting selective accumulation in financials, though gains were comparatively modest.

Why it's recommended: Ashok Leyland is showing strong bullish momentum, with the daily RSI at 67, MACD in positive territory, and ADX at 27, all indicating a robust trend. The stock has recently broken above resistance near Rs.127, suggesting momentum continuation.

Key metrics: Pattern: Breakout above recent resistance at Rs.127

MACD: Positive, confirming buy momentum

RSI: 67, in bullish z...