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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.

10 day averaged volume of Ashok Leyland is 15077923

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Dec 2023	174.90	177.80	178.20	173.85	0.865 times
07 Thu Dec 2023	177.80	176.95	179.15	175.50	1.036 times
06 Wed Dec 2023	176.70	175.90	177.20	174.65	0.933 times
05 Tue Dec 2023	174.95	175.45	177.00	173.10	1.19 times
04 Mon Dec 2023	174.45	179.50	179.90	174.20	1.938 times
01 Fri Dec 2023	176.30	183.65	184.20	175.05	0.873 times
30 Thu Nov 2023	183.15	181.70	184.80	180.25	1.522 times
29 Wed Nov 2023	181.45	179.95	182.50	178.50	0.951 times
28 Tue Nov 2023	178.95	179.35	181.00	178.15	0.554 times
24 Fri Nov 2023	178.15	178.30	179.85	175.80	0.637 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 173.9 as stoploss in an intra day buy trade for a target of 176.52. However, stock will show a bearish move below 173.9.

Share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Target	164.75
Upside Target	178.85
Upside Target	179.90
Upside Target	180.00
Upside Target	181.25
Upside Target	184.20
Upside Target	184.80
Upside Target	185.90
Upside Target	191.50

Intraday share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Intraday Target	172.03
Downside Intraday Target	169.17
Upside Intraday Target	178.83
Upside Intraday Target	182.77
Upside Intraday Target	175.97

Weekly technical analysis of Ashok Leyland (ASHOKLEY)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Dec 2023	174.90	179.50	179.90	173.10	1.529 times
01 Fri Dec 2023	176.30	179.35	184.80	175.05	1.069 times
24 Fri Nov 2023	178.15	175.00	181.25	171.00	1.295 times
17 Fri Nov 2023	174.30	176.35	176.35	172.90	1.187 times
10 Fri Nov 2023	173.80	169.50	174.55	168.25	1.105 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Ashok Leyland (ASHOKLEY)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Fri Dec 2023	174.90	183.65	184.20	173.10	0.525 times
30 Thu Nov 2023	183.15	167.05	184.80	164.75	1.165 times
31 Tue Oct 2023	167.70	178.00	180.00	165.10	0.85 times
29 Fri Sep 2023	177.00	184.65	185.90	173.55	0.411 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 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 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 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 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 SELL. Signal strength is Weak 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 getting stronger in this stock.

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 SELL signal in short term and selling is picking up 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 177.59 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.