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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 2024-04-09 View latest technical analysis

10 day averaged volume of Ashok Leyland is 17703655

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	176.05	177.20	177.65	175.10	0.411 times
08 Mon Apr 2024	177.20	176.10	178.20	175.55	1.245 times
05 Fri Apr 2024	176.00	172.80	176.50	171.40	0.872 times
04 Thu Apr 2024	173.00	174.00	174.80	172.55	0.485 times
03 Wed Apr 2024	174.25	171.70	175.45	171.00	0.805 times
02 Tue Apr 2024	176.50	175.00	178.35	174.50	1.953 times
01 Mon Apr 2024	174.65	173.00	175.40	173.00	1.204 times
28 Thu Mar 2024	171.25	170.70	172.60	169.55	0.92 times
27 Wed Mar 2024	169.00	170.25	171.35	168.60	0.738 times
26 Tue Mar 2024	168.60	167.25	170.25	167.00	1.142 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 174.5, but if it comes below 174.5, then a intra day sell could be more profitable.
If you take a sell trade below 174.5, then use 174.5 as stoploss and 168.93 as target. However if you take a buy trade in stock , then use 174.5 as stoploss and 181.2 as target.

Share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Target	157.55
Downside Target	165.25
Downside Target	172.75
Downside Target	173.95
Downside Target	175.10
Upside Target	178.20
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	174.7
Downside Intraday Target	173.35
Upside Intraday Target	177.8
Upside Intraday Target	179.55
Upside Intraday Target	176.45

Weekly technical analysis of Ashok Leyland (ASHOKLEY)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	176.05	176.10	178.20	175.10	0.311 times
05 Fri Apr 2024	176.00	173.00	178.35	171.00	1.9 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

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
09 Tue Apr 2024	176.05	173.00	178.35	171.00	0.516 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 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 term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Ashok Leyland ( (ASHOKLEY) ) based on a short to mid 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

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

MACD generated a BUY signal for Ashok Leyland in short term and the buy signal is strong.

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 coming down

CCI has generated a SELL signal for Ashok Leyland in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 173.96 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.