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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.

Showing technical analysis as on 2024-03-02 View latest technical analysis

10 day averaged volume of Ashok Leyland is 16082223

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	172.40	172.10	172.95	171.95	0.068 times
01 Fri Mar 2024	171.95	171.00	173.35	170.60	0.75 times
29 Thu Feb 2024	169.90	169.35	170.75	167.70	1.321 times
28 Wed Feb 2024	169.30	174.00	174.45	168.75	0.756 times
27 Tue Feb 2024	174.00	173.95	175.40	172.20	0.62 times
26 Mon Feb 2024	174.00	174.20	176.10	171.75	1.102 times
23 Fri Feb 2024	174.00	173.50	174.50	171.85	0.679 times
22 Thu Feb 2024	173.00	172.70	173.60	166.40	0.911 times
21 Wed Feb 2024	171.30	174.40	177.40	170.80	2.119 times
20 Tue Feb 2024	172.95	172.65	174.85	171.50	1.048 times

My analysis of stock is bearish for shortterm, and stock might move down till 171 or till 168.2. Use a stoploss of 173.44 and if the stock hits stoploss, then it can shoot up till 175.84

Share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Target	164.75
Upside Target	176.10
Upside Target	176.80
Upside Target	177.20
Upside Target	177.40
Upside Target	184.20
Upside Target	184.80
Upside Target	186.85
Upside Target	189.60

Intraday share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Intraday Target	168.03
Downside Intraday Target	163.67
Upside Intraday Target	176.43
Upside Intraday Target	180.47
Downside Intraday Target	172.07

Weekly technical analysis of Ashok Leyland (ASHOKLEY)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	172.40	174.20	176.10	167.70	0.847 times
23 Fri Feb 2024	174.00	174.35	177.40	166.40	1.763 times
16 Fri Feb 2024	174.20	174.35	176.80	169.75	0.27 times
09 Fri Feb 2024	173.45	175.90	186.85	169.85	2.411 times
02 Fri Feb 2024	174.05	170.75	177.20	168.30	1.82 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
02 Sat Mar 2024	172.40	171.00	173.35	170.60	0.031 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
29 Fri Dec 2023	181.55	183.65	184.20	165.25	1.619 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 neutral. A longer time frame might give a better analysis.

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

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

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Ashok Leyland in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 172.04 and Ashok Leyland (ASHOKLEY) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 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.