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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)

10 day averaged volume of Ashok Leyland is 14336013

Date Daily Closing Price Open High Low Volume
23 Thu May 2024 212.35 209.65 213.70 206.15 1.269 times
22 Wed May 2024 208.20 211.85 211.85 206.15 0.79 times
21 Tue May 2024 211.35 210.95 211.95 209.05 1.076 times
20 Mon May 2024 210.60 208.90 211.10 208.35 0.288 times
17 Fri May 2024 207.85 207.35 209.95 206.40 0.982 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 208.7, but if it comes below 208.7, then a intra day sell could be more profitable.
If you take a sell trade below 208.7, then use 208.7 as stoploss and 199.65 as target. However if you take a buy trade in stock , then use 208.7 as stoploss and 219.7 as target.

Share price targets for Ashok Leyland (ASHOKLEY)

Target Type Value
Downside Target 157.55
Downside Target 166.25
Downside Target 173.95
Downside Target 184.85
Downside Target 192.50
Downside Target 194.25
Downside Target 204.90
Downside Target 205.10
Downside Target 206.15
Downside Target 209.95
Upside Target 213.70

Intraday share price targets for Ashok Leyland (ASHOKLEY)

Target Type Value
Downside Intraday Target 207.77
Downside Intraday Target 203.18
Upside Intraday Target 215.32
Upside Intraday Target 218.28
Downside Intraday Target 210.73

Weekly technical analysis of Ashok Leyland (ASHOKLEY)

Date Weekly Closing Price Open High Low Volume
23 Thu May 2024 212.35 208.90 213.70 206.15 0.599 times
17 Fri May 2024 207.85 199.55 209.95 190.05 1.119 times
10 Fri May 2024 198.30 203.70 204.90 192.50 0.497 times
03 Fri May 2024 202.30 187.20 205.10 184.85 1.546 times
26 Fri Apr 2024 185.00 171.00 187.20 170.25 1.734 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
23 Thu May 2024 212.35 195.85 213.70 190.05 0.744 times
30 Tue Apr 2024 192.65 173.00 194.25 166.25 1.576 times
28 Thu Mar 2024 171.25 171.00 173.95 157.55 0.573 times
29 Thu Feb 2024 169.90 177.20 186.85 166.40 1.369 times

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)

Indicator Name Indicator Value Indicator Signal
ADX 29, 14, 36 Buy
MACD 15, 14Buy
Stochastics 91Buy
CCI 83Buy
RSI 53Buy
OBV 283965666Sell
VWAP 206Buy
ADL 0Sell
ROC 9Buy
Force Index 0Sell

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 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 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 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 BUY. Signal strength is Strong 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red 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 205.9 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.

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