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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 2024-09-16 View latest technical analysis

10 day averaged volume of Ashok Leyland is 6572329

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	243.80	245.95	248.20	243.30	0.893 times
13 Fri Sep 2024	245.65	248.00	248.55	245.20	0.655 times
12 Thu Sep 2024	246.15	244.45	247.90	242.00	1.509 times
11 Wed Sep 2024	241.55	248.20	249.45	240.15	1.115 times
10 Tue Sep 2024	248.25	244.65	249.80	244.40	0.76 times
09 Mon Sep 2024	243.90	247.85	247.85	242.10	0.975 times
06 Fri Sep 2024	247.80	251.90	251.90	246.40	0.771 times
05 Thu Sep 2024	251.15	252.90	254.75	250.30	1.3 times
04 Wed Sep 2024	250.50	247.80	252.10	247.60	0.83 times
03 Tue Sep 2024	251.00	251.50	252.50	249.95	0.961 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 246.1, but if it comes above 246.1, then a intra day buy could be more profitable.
If you take a sell trade below 246.1, then use 246.1 as stoploss and 238.1 as target. However if you take a buy trade in stock , then use 246.1 as stoploss and 252.83 as target.

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
Upside Target	251.10
Upside Target	255.70
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	242
Downside Intraday Target	240.2
Upside Intraday Target	246.9
Upside Intraday Target	250
Upside Intraday Target	245.1

Weekly technical analysis of Ashok Leyland (ASHOKLEY)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	243.80	245.95	248.20	243.30	0.178 times
13 Fri Sep 2024	245.65	247.85	249.80	240.15	1.006 times
06 Fri Sep 2024	247.80	258.10	258.10	246.40	0.729 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

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
16 Mon Sep 2024	243.80	258.10	258.10	240.15	0.362 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Ashok Leyland ( (ASHOKLEY) ) based on a short to mid 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 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 Strong 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 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 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 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 246.96 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.