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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 2024-04-02 View latest technical analysis

10 day averaged volume of Ashok Leyland is 15155194

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	176.50	175.00	178.35	174.50	2.282 times
01 Mon Apr 2024	174.65	173.00	175.40	173.00	1.406 times
28 Thu Mar 2024	171.25	170.70	172.60	169.55	1.074 times
27 Wed Mar 2024	169.00	170.25	171.35	168.60	0.862 times
26 Tue Mar 2024	168.60	167.25	170.25	167.00	1.334 times
22 Fri Mar 2024	166.65	166.80	168.45	166.05	0.744 times
21 Thu Mar 2024	166.85	163.40	167.20	162.60	0.837 times
20 Wed Mar 2024	161.55	162.05	162.85	160.05	0.527 times
19 Tue Mar 2024	161.80	162.95	163.00	159.95	1.057 times
18 Mon Mar 2024	162.65	162.20	163.45	159.75	0.9 times

Stock of Ashok Leyland (ASHOKLEY) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 178.2, for a target of 172.7 or 168.01

Share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Target	157.55
Downside Target	165.25
Downside Target	172.60
Downside Target	173.00
Downside Target	173.95
Upside Target	178.35
Upside Target	184.20
Upside Target	186.85
Upside Target	189.60

Intraday share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Intraday Target	173.55
Downside Intraday Target	170.6
Upside Intraday Target	178.9
Upside Intraday Target	181.3
Downside Intraday Target	175.95

Weekly technical analysis of Ashok Leyland (ASHOKLEY)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	176.50	173.00	178.35	173.00	1.128 times
28 Thu Mar 2024	171.25	167.25	172.60	167.00	0.804 times
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

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
02 Tue Apr 2024	176.50	173.00	178.35	173.00	0.233 times
28 Thu Mar 2024	171.25	171.00	173.95	157.55	0.573 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

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 to mid 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Ashok Leyland stock for short term is BUY. Signal strength is Strong and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 moving up

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 but buying 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 169.56 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 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.