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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 2024-08-21 View latest technical analysis

10 day averaged volume of Ashok Leyland is 9528592

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	260.25	258.45	261.50	258.15	0.375 times
20 Tue Aug 2024	260.00	258.10	261.75	256.85	0.905 times
19 Mon Aug 2024	257.50	258.00	260.15	255.70	1.535 times
16 Fri Aug 2024	255.95	249.05	256.90	248.50	1.181 times
14 Wed Aug 2024	246.45	251.50	252.35	245.70	0.488 times
13 Tue Aug 2024	251.70	253.35	255.25	251.05	0.852 times
12 Mon Aug 2024	252.05	249.95	253.80	249.60	0.988 times
09 Fri Aug 2024	253.10	248.00	254.60	247.20	1.217 times
08 Thu Aug 2024	246.30	247.25	249.50	245.15	1.12 times
07 Wed Aug 2024	247.30	246.35	248.70	244.20	0.552 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 257.4, but if it comes below 257.4, then a intra day sell could be more profitable.
If you take a sell trade below 257.4, then use 257.4 as stoploss and 249.82 as target. However if you take a buy trade in stock , then use 257.4 as stoploss and 266.6 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	230.80
Downside Target	240.00
Downside Target	254.60
Downside Target	255.70
Downside Target	256.90
Downside Target	259.00
Upside Target	261.75

Intraday share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Intraday Target	256.72
Downside Intraday Target	253.18
Upside Intraday Target	262.77
Upside Intraday Target	265.28
Downside Intraday Target	259.23

Weekly technical analysis of Ashok Leyland (ASHOKLEY)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	260.25	258.00	261.75	255.70	0.802 times
16 Fri Aug 2024	255.95	249.95	256.90	245.70	0.609 times
09 Fri Aug 2024	253.10	240.00	254.60	240.00	0.719 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

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
21 Wed Aug 2024	260.25	258.45	261.75	240.00	0.459 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 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 BUY. Signal strength is Strong and stock is gaining 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 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 positive zone. This is a BUY zone

Stock of Ashok Leyland is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 253.4 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.