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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 2024-08-02 View latest technical analysis

10 day averaged volume of Ashok Leyland is 18496176

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	250.15	245.75	253.35	244.45	0.544 times
01 Thu Aug 2024	250.20	258.45	258.45	246.95	0.952 times
31 Wed Jul 2024	257.09	254.00	259.00	252.90	0.52 times
30 Tue Jul 2024	253.59	256.40	256.40	251.57	0.557 times
29 Mon Jul 2024	256.35	249.00	258.85	249.00	1.552 times
26 Fri Jul 2024	246.38	235.10	248.89	235.10	2.476 times
25 Thu Jul 2024	232.43	229.81	233.48	224.85	1.137 times
24 Wed Jul 2024	232.50	228.00	233.50	227.15	0.364 times
23 Tue Jul 2024	229.63	231.29	233.40	219.35	0.996 times
22 Mon Jul 2024	230.70	225.15	232.95	222.52	1.024 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 246.9, but if it comes below 246.9, then a intra day sell could be more profitable.
If you take a sell trade below 246.9, then use 246.9 as stoploss and 235.45 as target. However if you take a buy trade in stock , then use 246.9 as stoploss and 260.6 as target.

Share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Target	166.25
Downside Target	190.05
Downside Target	219.35
Downside Target	230.70
Downside Target	243.29
Downside Target	244.45
Downside Target	245.67
Downside Target	248.89
Upside Target	258.45
Upside Target	259.00

Intraday share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Intraday Target	243.4
Downside Intraday Target	236.65
Upside Intraday Target	257.95
Upside Intraday Target	265.75
Upside Intraday Target	251.2

Weekly technical analysis of Ashok Leyland (ASHOKLEY)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	250.15	249.00	259.00	244.45	0.688 times
26 Fri Jul 2024	246.38	225.15	248.89	219.35	2.969 times
19 Fri Jul 2024	223.95	225.00	230.70	223.00	0.716 times
12 Fri Jul 2024	224.26	230.00	231.28	221.25	0.843 times
05 Fri Jul 2024	229.56	241.90	243.29	226.00	1.241 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 Fri Aug 2024	250.15	258.45	258.45	244.45	0.089 times
31 Wed Jul 2024	257.09	241.90	259.00	219.35	1.063 times
28 Fri Jun 2024	241.89	235.00	245.67	192.00	0.595 times
31 Fri May 2024	224.00	195.85	230.80	190.05	1.303 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 BUY. Signal strength is Weak 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 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 244.12 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.