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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 2024-03-05 View latest technical analysis

10 day averaged volume of Ashok Leyland is 15164820

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	171.90	171.90	173.50	171.55	0.547 times
04 Mon Mar 2024	172.05	172.00	173.95	170.70	1.17 times
02 Sat Mar 2024	172.40	172.10	172.95	171.95	0.072 times
01 Fri Mar 2024	171.95	171.00	173.35	170.60	0.796 times
29 Thu Feb 2024	169.90	169.35	170.75	167.70	1.401 times
28 Wed Feb 2024	169.30	174.00	174.45	168.75	0.802 times
27 Tue Feb 2024	174.00	173.95	175.40	172.20	0.658 times
26 Mon Feb 2024	174.00	174.20	176.10	171.75	1.169 times
23 Fri Feb 2024	174.00	173.50	174.50	171.85	0.72 times
22 Thu Feb 2024	173.00	172.70	173.60	166.40	0.966 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 171.2 as stoploss in an intra day buy trade for a target of 172.75. However, stock will show a bearish move below 171.2.

Share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Target	164.75
Upside Target	173.95
Upside Target	176.10
Upside Target	176.80
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	170.42
Downside Intraday Target	168.93
Upside Intraday Target	173.67
Upside Intraday Target	175.43
Upside Intraday Target	172.18

Weekly technical analysis of Ashok Leyland (ASHOKLEY)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	171.90	172.00	173.95	170.70	0.351 times
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

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
05 Tue Mar 2024	171.90	171.00	173.95	170.60	0.094 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 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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. Bulls are getting stronger in this stock.

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

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 but selling 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 172.11 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.