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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 24811849

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	202.30	203.75	205.10	200.30	1.052 times
02 Thu May 2024	201.35	195.85	201.95	194.50	2.036 times
30 Tue Apr 2024	192.65	186.75	194.25	185.65	2.218 times
29 Mon Apr 2024	185.35	187.20	188.00	184.85	0.632 times
26 Fri Apr 2024	185.00	178.00	187.20	177.40	1.937 times
25 Thu Apr 2024	177.70	178.00	178.80	177.05	0.483 times
24 Wed Apr 2024	177.60	175.50	178.40	174.40	0.536 times
23 Tue Apr 2024	174.65	173.00	174.95	172.75	0.368 times
22 Mon Apr 2024	172.70	171.00	173.40	170.25	0.517 times
19 Fri Apr 2024	169.35	168.00	170.00	166.25	0.442 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 199.6, for a target of 188.7 or 179.64

Share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Target	157.55
Downside Target	166.25
Downside Target	181.20
Downside Target	184.85
Downside Target	186.85
Downside Target	187.20
Downside Target	189.60
Downside Target	194.25
Downside Target	194.50
Upside Target	205.10

Intraday share price targets for Ashok Leyland (ASHOKLEY)

Target Type	Value
Downside Intraday Target	189.73
Downside Intraday Target	177.17
Upside Intraday Target	209.98
Upside Intraday Target	217.67
Downside Intraday Target	197.42

Weekly technical analysis of Ashok Leyland (ASHOKLEY)

Date	Weekly Closing Price	Open	High	Low	Volume
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
19 Fri Apr 2024	169.35	174.15	177.30	166.25	0.886 times
12 Fri Apr 2024	178.35	176.10	181.20	175.10	0.659 times
05 Fri Apr 2024	176.00	173.00	178.35	171.00	1.9 times

Price has moved up 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
03 Fri May 2024	202.30	195.85	205.10	194.50	0.203 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

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 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 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 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 189.32 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.