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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 2024-03-22 View latest technical analysis

10 day averaged volume of Ashok Leyland is 12992678

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	166.65	166.80	168.45	166.05	0.868 times
21 Thu Mar 2024	166.85	163.40	167.20	162.60	0.977 times
20 Wed Mar 2024	161.55	162.05	162.85	160.05	0.615 times
19 Tue Mar 2024	161.80	162.95	163.00	159.95	1.232 times
18 Mon Mar 2024	162.65	162.20	163.45	159.75	1.05 times
15 Fri Mar 2024	161.85	164.30	164.85	160.25	1.468 times
14 Thu Mar 2024	164.10	158.10	164.45	157.55	1.177 times
13 Wed Mar 2024	159.80	167.50	167.80	159.05	1.114 times
12 Tue Mar 2024	167.30	170.00	170.15	167.00	0.778 times
11 Mon Mar 2024	169.60	171.95	172.75	169.15	1.156 times

My analysis of stock is bearish for shortterm, and stock might move down till 163.5 or till 158.2. Use a stoploss of 167.97 and if the stock hits stoploss, then it can shoot up till 172.42

Share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Target	157.55
Downside Target	164.75
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	161.45
Downside Intraday Target	156.25
Upside Intraday Target	170.15
Upside Intraday Target	173.65
Downside Intraday Target	164.95

Weekly technical analysis of Ashok Leyland (ASHOKLEY)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	166.65	162.20	168.45	159.75	0.833 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 up 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
22 Fri Mar 2024	166.65	171.00	173.95	157.55	0.454 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 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 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 BUY signal for Ashok Leyland in short term but the buy signal is initial and weak.

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 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 BUY signal in short term and the buying is gaining 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 164.07 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 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.