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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 12656673

Date Daily Closing Price Open High Low Volume
24 Mon Jun 2024 240.30 233.60 241.40 231.23 1.42 times
21 Fri Jun 2024 235.65 236.90 238.16 234.55 0.607 times
20 Thu Jun 2024 236.86 234.01 237.90 233.29 0.521 times
19 Wed Jun 2024 234.01 239.00 239.88 231.55 0.961 times
18 Tue Jun 2024 239.24 240.60 242.65 238.15 0.999 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 239, but if it comes below 239, then a intra day sell could be more profitable.
If you take a sell trade below 239, then use 239 as stoploss and 230.73 as target. However if you take a buy trade in stock , then use 239 as stoploss and 249 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 186.85
Downside Target 212.60
Downside Target 228.82
Downside Target 231.23
Downside Target 231.55
Downside Target 237.95
Upside Target 241.40
Upside Target 242.65
Upside Target 242.69

Intraday share price targets for Ashok Leyland (ASHOKLEY)

Target Type Value
Downside Intraday Target 233.89
Downside Intraday Target 227.47
Upside Intraday Target 244.06
Upside Intraday Target 247.81
Downside Intraday Target 237.64

Weekly technical analysis of Ashok Leyland (ASHOKLEY)

Date Weekly Closing Price Open High Low Volume
24 Mon Jun 2024 240.30 233.60 241.40 231.23 0.46 times
21 Fri Jun 2024 235.65 240.60 242.65 231.55 0.563 times
14 Fri Jun 2024 239.84 233.90 242.69 228.82 0.518 times
07 Fri Jun 2024 231.45 235.00 237.95 192.00 0.805 times
31 Fri May 2024 224.00 216.00 230.80 212.60 1.784 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
24 Mon Jun 2024 240.30 235.00 242.69 192.00 0.53 times
31 Fri May 2024 224.00 195.85 230.80 190.05 1.303 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

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 19, 26, 16 Sell
MACD 18, 19Sell
Stochastics 71Buy
CCI 29Buy
RSI 55Buy
OBV 110754702Sell
VWAP 237Buy
ADL 0Sell
ROC 4Buy
Force Index 0Sell

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 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 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 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 but buying is losing 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 237.11 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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