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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 2024-08-05 View latest technical analysis

10 day averaged volume of Ashok Leyland is 18721498

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	244.00	240.00	247.80	240.00	0.869 times
02 Fri Aug 2024	250.15	245.75	253.35	244.45	0.538 times
01 Thu Aug 2024	250.20	258.45	258.45	246.95	0.941 times
31 Wed Jul 2024	257.09	254.00	259.00	252.90	0.514 times
30 Tue Jul 2024	253.59	256.40	256.40	251.57	0.55 times
29 Mon Jul 2024	256.35	249.00	258.85	249.00	1.533 times
26 Fri Jul 2024	246.38	235.10	248.89	235.10	2.447 times
25 Thu Jul 2024	232.43	229.81	233.48	224.85	1.123 times
24 Wed Jul 2024	232.50	228.00	233.50	227.15	0.359 times
23 Tue Jul 2024	229.63	231.29	233.40	219.35	0.984 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 247.7 as stoploss in an intra day sell trade for a target of 236.17. However, stock will show a bullish move above 247.7.

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	240.00
Upside Target	244.45
Upside Target	245.67
Upside Target	247.80
Upside 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	240.07
Downside Intraday Target	236.13
Upside Intraday Target	247.87
Upside Intraday Target	251.73
Downside Intraday Target	243.93

Weekly technical analysis of Ashok Leyland (ASHOKLEY)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	244.00	240.00	247.80	240.00	0.213 times
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

Price has moved down 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
05 Mon Aug 2024	244.00	258.45	258.45	240.00	0.141 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 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 short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 losing momentum.

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

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 in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Ashok Leyland in short term and SELL 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 245.49 and Ashok Leyland (ASHOKLEY) stock is trading below this level. This means that stock is falling with high volumes. 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.