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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 14431307

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	169.35	168.00	170.00	166.25	0.759 times
18 Thu Apr 2024	169.70	176.50	176.50	169.05	1.43 times
16 Tue Apr 2024	176.20	173.35	177.30	172.05	0.794 times
15 Mon Apr 2024	174.85	174.15	176.20	172.95	0.824 times
12 Fri Apr 2024	178.35	177.90	181.20	177.10	1.167 times
10 Wed Apr 2024	178.50	176.30	180.60	176.00	1.101 times
09 Tue Apr 2024	176.05	177.20	177.65	175.10	0.505 times
08 Mon Apr 2024	177.20	176.10	178.20	175.55	1.527 times
05 Fri Apr 2024	176.00	172.80	176.50	171.40	1.07 times
04 Thu Apr 2024	173.00	174.00	174.80	172.55	0.595 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 167 as stoploss in an intra day buy trade for a target of 172.02. However, stock will show a bearish move below 167.

Share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Target	157.55
Downside Target	165.25
Upside Target	173.95
Upside 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	164.63
Downside Intraday Target	159.92
Upside Intraday Target	175.68
Upside Intraday Target	182.02
Upside Intraday Target	170.97

Weekly technical analysis of Ashok Leyland (ASHOKLEY)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	169.35	174.15	177.30	166.25	0.886 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
19 Fri Apr 2024	169.35	173.00	181.20	166.25	0.882 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 down 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Ashok Leyland ( (ASHOKLEY) ) based on a short to mid 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 mid to longer 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

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

MACD generated a SELL signal for Ashok Leyland in short term but the sell signal is initial and weak.

Ashok Leyland Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Ashok Leyland in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 175.05 and Ashok Leyland (ASHOKLEY) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

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