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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 2024-12-16 View latest technical analysis

10 day averaged volume of Ashok Leyland is 5870221

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	234.84	232.00	235.50	229.19	0.972 times
13 Fri Dec 2024	231.94	231.95	232.99	225.74	1.415 times
12 Thu Dec 2024	230.00	231.15	231.61	229.34	0.696 times
11 Wed Dec 2024	231.18	229.00	231.94	228.69	0.682 times
10 Tue Dec 2024	228.96	229.05	230.75	227.50	0.907 times
09 Mon Dec 2024	228.66	232.42	234.00	228.10	1.02 times
06 Fri Dec 2024	232.18	232.70	234.20	230.40	0.686 times
05 Thu Dec 2024	232.59	234.00	234.60	231.29	0.793 times
04 Wed Dec 2024	233.98	235.20	235.98	232.12	1.38 times
03 Tue Dec 2024	235.18	230.70	235.88	229.61	1.247 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 234.8, but if it comes below 234.8, then a intra day sell could be more profitable.
If you take a sell trade below 234.8, then use 234.8 as stoploss and 229.94 as target. However if you take a buy trade in stock , then use 234.8 as stoploss and 240.6 as target.

Share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Target	202.00
Downside Target	206.18
Downside Target	214.37
Downside Target	225.73
Upside Target	235.98
Upside Target	237.06
Upside Target	240.00
Upside Target	242.19
Upside Target	258.10
Upside Target	264.65

Intraday share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Intraday Target	230.85
Downside Intraday Target	226.87
Upside Intraday Target	237.16
Upside Intraday Target	239.49
Downside Intraday Target	233.18

Weekly technical analysis of Ashok Leyland (ASHOKLEY)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	234.84	232.00	235.50	229.19	0.206 times
13 Fri Dec 2024	231.94	232.42	234.00	225.74	0.894 times
06 Fri Dec 2024	232.18	229.50	235.98	226.18	0.688 times
29 Fri Nov 2024	232.08	226.00	237.06	226.00	1.486 times
22 Fri Nov 2024	223.96	217.56	225.73	214.37	0.749 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
16 Mon Dec 2024	234.84	229.50	235.98	225.74	0.38 times
29 Fri Nov 2024	232.08	209.79	237.06	202.00	0.764 times
31 Thu Oct 2024	208.18	235.90	242.19	206.18	1.377 times
30 Mon Sep 2024	235.40	258.10	258.10	233.05	0.815 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Ashok Leyland stock for short term is BUY. Signal strength is Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

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 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 232.19 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.