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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 2024-03-19 View latest technical analysis

10 day averaged volume of Ashok Leyland is 12868323

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	161.80	162.95	163.00	159.95	1.244 times
18 Mon Mar 2024	162.65	162.20	163.45	159.75	1.06 times
15 Fri Mar 2024	161.85	164.30	164.85	160.25	1.482 times
14 Thu Mar 2024	164.10	158.10	164.45	157.55	1.188 times
13 Wed Mar 2024	159.80	167.50	167.80	159.05	1.124 times
12 Tue Mar 2024	167.30	170.00	170.15	167.00	0.786 times
11 Mon Mar 2024	169.60	171.95	172.75	169.15	1.167 times
07 Thu Mar 2024	171.05	170.70	172.25	170.60	0.438 times
06 Wed Mar 2024	170.70	171.90	172.20	169.00	0.731 times
05 Tue Mar 2024	171.90	171.90	173.50	171.55	0.645 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 164.7, but if it comes above 164.7, then a intra day buy could be more profitable.
If you take a sell trade below 164.7, then use 164.7 as stoploss and 159.3 as target. However if you take a buy trade in stock , then use 164.7 as stoploss and 169.13 as target.

Share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Target	157.55
Upside Target	163.45
Upside Target	172.75
Upside Target	173.95
Upside Target	176.10
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	159.88
Downside Intraday Target	157.97
Upside Intraday Target	163.58
Upside Intraday Target	165.37
Downside Intraday Target	161.67

Weekly technical analysis of Ashok Leyland (ASHOKLEY)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	161.80	162.20	163.45	159.75	0.401 times
15 Fri Mar 2024	161.85	171.95	172.75	157.55	1.8 times
07 Thu Mar 2024	171.05	172.00	173.95	169.00	0.553 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

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 Tue Mar 2024	161.80	171.00	173.95	157.55	0.378 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 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 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 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 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 Strong and stock is losing momentum.

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

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 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 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 165.04 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.