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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 2024-06-27 View latest technical analysis

10 day averaged volume of Ashok Leyland is 11478660

Date	Daily Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	242.16	240.19	242.69	238.33	0.576 times
26 Wed Jun 2024	240.19	241.60	243.88	239.30	0.546 times
25 Tue Jun 2024	241.86	241.00	245.67	240.90	1.14 times
24 Mon Jun 2024	240.30	233.60	241.40	231.23	1.565 times
21 Fri Jun 2024	235.65	236.90	238.16	234.55	0.67 times
20 Thu Jun 2024	236.86	234.01	237.90	233.29	0.575 times
19 Wed Jun 2024	234.01	239.00	239.88	231.55	1.06 times
18 Tue Jun 2024	239.24	240.60	242.65	238.15	1.101 times
14 Fri Jun 2024	239.84	237.00	242.69	235.89	1.482 times
13 Thu Jun 2024	236.79	238.90	240.52	235.55	0.794 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 241.8, but if it comes below 241.8, then a intra day sell could be more profitable.
If you take a sell trade below 241.8, then use 241.8 as stoploss and 233.18 as target. However if you take a buy trade in stock , then use 241.8 as stoploss and 252.1 as target.

Share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Target	157.55
Downside Target	166.25
Downside Target	173.95
Downside Target	186.85
Downside Target	212.60
Downside Target	228.82
Downside Target	231.23
Downside Target	231.55
Downside Target	237.95
Upside Target	242.65
Upside Target	242.69
Upside Target	245.67

Intraday share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Intraday Target	233.7
Downside Intraday Target	225.25
Upside Intraday Target	248.14
Upside Intraday Target	254.13
Downside Intraday Target	239.69

Weekly technical analysis of Ashok Leyland (ASHOKLEY)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	242.16	233.60	245.67	231.23	1.124 times
21 Fri Jun 2024	235.65	240.60	242.65	231.55	0.563 times
14 Fri Jun 2024	239.84	233.90	242.69	228.82	0.518 times
07 Fri Jun 2024	231.45	235.00	237.95	192.00	0.805 times
31 Fri May 2024	224.00	216.00	230.80	212.60	1.866 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
27 Thu Jun 2024	242.16	235.00	245.67	192.00	0.583 times
31 Fri May 2024	224.00	195.85	230.80	190.05	1.303 times
30 Tue Apr 2024	192.65	173.00	194.25	166.25	1.576 times
28 Thu Mar 2024	171.25	171.00	173.95	157.55	0.573 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 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 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.

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

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

Ashok Leyland Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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 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 238.87 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.