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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 2024-09-30 View latest technical analysis

10 day averaged volume of Ashok Leyland is 8524866

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	235.40	239.55	241.00	234.50	1.196 times
27 Fri Sep 2024	239.55	240.95	242.70	238.25	0.745 times
26 Thu Sep 2024	241.20	238.35	242.00	236.35	1.495 times
25 Wed Sep 2024	238.35	237.30	239.20	235.15	0.664 times
24 Tue Sep 2024	237.30	236.45	239.10	236.35	0.716 times
23 Mon Sep 2024	236.45	238.50	240.00	235.05	1.314 times
20 Fri Sep 2024	237.85	238.00	239.55	235.65	1.209 times
19 Thu Sep 2024	237.55	238.00	238.50	233.05	1.667 times
18 Wed Sep 2024	235.95	240.40	240.40	234.80	0.877 times
17 Tue Sep 2024	240.80	243.80	244.65	237.85	0.624 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 237.3, but if it comes above 237.3, then a intra day buy could be more profitable.
If you take a sell trade below 237.3, then use 237.3 as stoploss and 231.1 as target. However if you take a buy trade in stock , then use 237.3 as stoploss and 242.51 as target.

Share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Target	190.05
Downside Target	219.35
Downside Target	230.80
Upside Target	240.00
Upside Target	245.67
Upside Target	246.40
Upside Target	248.20
Upside Target	249.80
Upside Target	258.10
Upside Target	259.00
Upside Target	264.65

Intraday share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Intraday Target	232.93
Downside Intraday Target	230.47
Upside Intraday Target	239.43
Upside Intraday Target	243.47
Upside Intraday Target	236.97

Weekly technical analysis of Ashok Leyland (ASHOKLEY)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	235.40	239.55	241.00	234.50	0.242 times
27 Fri Sep 2024	239.55	238.50	242.70	235.05	0.974 times
20 Fri Sep 2024	237.85	245.95	248.20	233.05	1.31 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

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
30 Mon Sep 2024	235.40	258.10	258.10	233.05	0.815 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 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 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 and the sell signal is strong.

Ashok Leyland Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 237.96 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.