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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 2024-03-06 View latest technical analysis

10 day averaged volume of Ashok Leyland is 12586381

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	170.70	171.90	172.20	169.00	0.748 times
05 Tue Mar 2024	171.90	171.90	173.50	171.55	0.659 times
04 Mon Mar 2024	172.05	172.00	173.95	170.70	1.409 times
02 Sat Mar 2024	172.40	172.10	172.95	171.95	0.086 times
01 Fri Mar 2024	171.95	171.00	173.35	170.60	0.959 times
29 Thu Feb 2024	169.90	169.35	170.75	167.70	1.688 times
28 Wed Feb 2024	169.30	174.00	174.45	168.75	0.966 times
27 Tue Feb 2024	174.00	173.95	175.40	172.20	0.792 times
26 Mon Feb 2024	174.00	174.20	176.10	171.75	1.408 times
23 Fri Feb 2024	174.00	173.50	174.50	171.85	0.867 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 171.1, but if it comes above 171.1, then a intra day buy could be more profitable.
If you take a sell trade below 171.1, then use 171.1 as stoploss and 169.4 as target. However if you take a buy trade in stock , then use 171.1 as stoploss and 172.49 as target.

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	168.48
Downside Intraday Target	166.27
Upside Intraday Target	173.43
Upside Intraday Target	176.17
Upside Intraday Target	171.22

Weekly technical analysis of Ashok Leyland (ASHOKLEY)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	170.70	172.00	173.95	169.00	0.477 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
06 Wed Mar 2024	170.70	171.00	173.95	169.00	0.116 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 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 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.

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

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

MACD generated a SELL signal for Ashok Leyland in short term and the sell 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. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 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 171.9 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 positive

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