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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 2024-09-05 View latest technical analysis

10 day averaged volume of Ashok Leyland is 7409569

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	251.15	252.90	254.75	250.30	1.153 times
04 Wed Sep 2024	250.50	247.80	252.10	247.60	0.736 times
03 Tue Sep 2024	251.00	251.50	252.50	249.95	0.853 times
02 Mon Sep 2024	251.35	258.10	258.10	250.45	0.998 times
30 Fri Aug 2024	256.45	255.20	258.60	251.10	2.135 times
29 Thu Aug 2024	253.80	260.00	260.95	251.85	1.427 times
28 Wed Aug 2024	260.45	262.50	263.35	260.00	0.594 times
27 Tue Aug 2024	262.15	260.15	264.65	258.60	1.266 times
26 Mon Aug 2024	260.15	260.05	261.15	258.55	0.645 times
23 Fri Aug 2024	260.40	261.95	262.85	258.95	0.779 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 250.2 as stoploss in an intra day buy trade for a target of 255.12. However, stock will show a bearish move below 250.2.

Share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Target	190.05
Downside Target	219.35
Downside Target	230.80
Downside Target	240.00
Downside Target	245.67
Upside Target	256.90
Upside Target	258.10
Upside Target	259.00
Upside Target	262.85
Upside Target	264.65

Intraday share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Intraday Target	246.47
Downside Intraday Target	241.78
Upside Intraday Target	256.97
Upside Intraday Target	262.78
Upside Intraday Target	252.28

Weekly technical analysis of Ashok Leyland (ASHOKLEY)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	251.15	258.10	258.10	247.60	0.616 times
30 Fri Aug 2024	256.45	260.05	264.65	251.10	1.221 times
23 Fri Aug 2024	260.40	258.00	262.85	255.70	1.101 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

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 Thu Sep 2024	251.15	258.10	258.10	247.60	0.14 times
30 Fri Aug 2024	256.45	258.45	264.65	240.00	0.636 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

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 to mid 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 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 SELL signal for Ashok Leyland in short term but the sell signal is initial and weak.

Ashok Leyland Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

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

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 255.6 and Ashok Leyland (ASHOKLEY) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.