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(ASHOKLEY) Ashok Leyland complete technical analysis [charts+indicators] | Buy/Sell Ashok Leyland | (ASHOKLEY) share price targets

Complete technical analysis of Ashok Leyland (ASHOKLEY) by charts plus indicators, forecast predictions and share price targets for Ashok Leyland (ASHOKLEY)

Ashok Leyland trades in NSE in Commercial Vehicles sector.

10 day averaged volume of Ashok Leyland is 16810117

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	176.20	173.35	177.30	172.05	0.682 times
15 Mon Apr 2024	174.85	174.15	176.20	172.95	0.707 times
12 Fri Apr 2024	178.35	177.90	181.20	177.10	1.002 times
10 Wed Apr 2024	178.50	176.30	180.60	176.00	0.945 times
09 Tue Apr 2024	176.05	177.20	177.65	175.10	0.433 times
08 Mon Apr 2024	177.20	176.10	178.20	175.55	1.311 times
05 Fri Apr 2024	176.00	172.80	176.50	171.40	0.918 times
04 Thu Apr 2024	173.00	174.00	174.80	172.55	0.511 times
03 Wed Apr 2024	174.25	171.70	175.45	171.00	0.848 times
02 Tue Apr 2024	176.50	175.00	178.35	174.50	2.057 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 177.1 as stoploss in an intra day sell trade for a target of 171.29. However, stock will show a bullish move above 177.1.

Share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Target	157.55
Downside Target	165.25
Downside Target	173.95
Downside Target	175.10
Upside Target	177.30
Upside Target	178.35
Upside Target	181.20
Upside Target	184.20
Upside Target	186.85
Upside Target	189.60

Intraday share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Intraday Target	173.07
Downside Intraday Target	169.93
Upside Intraday Target	178.32
Upside Intraday Target	180.43
Downside Intraday Target	175.18

Weekly technical analysis of Ashok Leyland (ASHOKLEY)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	176.20	174.15	177.30	172.05	0.376 times
12 Fri Apr 2024	178.35	176.10	181.20	175.10	0.659 times
05 Fri Apr 2024	176.00	173.00	178.35	171.00	1.9 times
28 Thu Mar 2024	171.25	167.25	172.60	167.00	0.804 times
22 Fri Mar 2024	166.65	162.20	168.45	159.75	0.833 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Ashok Leyland (ASHOKLEY)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	176.20	173.00	181.20	171.00	0.75 times
28 Thu Mar 2024	171.25	171.00	173.95	157.55	0.573 times
29 Thu Feb 2024	169.90	177.20	186.85	166.40	1.369 times
31 Wed Jan 2024	175.90	182.50	189.60	167.70	0.961 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Ashok Leyland (ASHOKLEY)

Price action analysis of Ashok Leyland ( (ASHOKLEY) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Ashok Leyland ( (ASHOKLEY) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Ashok Leyland ( (ASHOKLEY) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Ashok Leyland ( (ASHOKLEY) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Ashok Leyland stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Ashok Leyland in short term and the buy signal is strong.

Ashok Leyland Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Ashok Leyland in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Ashok Leyland is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 176.39 and Ashok Leyland (ASHOKLEY) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Ashok Leyland (ASHOKLEY) stock. Volume based technical analysis of Ashok Leyland (ASHOKLEY) stock is negative.

Ashok Leyland Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.