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2020 Ashok Leyland (ASHOKLEY) technical analysis [forecast] stock price targets

Ashok Leyland technical analysis & forecast stock price targets, Daily, Weekly, Monthly technical analysis

Ashok Leyland deals in Commercial Vehicles Ashok Leyland option chain analysis

Date Close Open High Low Volume
03 Fri Jul 49.10 49.60 49.60 48.45 269.49 lakhs
02 Thu Jul 49.10 48.25 49.45 47.90 422.65 lakhs
01 Wed Jul 48.20 47.55 48.60 46.85 525.7 lakhs
30 Tue Jun 46.95 49.20 49.90 46.65 617.64 lakhs
29 Mon Jun 48.60 51.65 51.85 48.45 761.43 lakhs
ASHOKLEY chart

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 49.2, but if it comes above 49.2, then a intra day buy could be more profitable.
If you take a sell trade below 49.2, then use 49.2 as stoploss and 46.4 as target. However if you take a buy trade in stock , then use 49.2 as stoploss and 51.57 as target.

  • Daily Price action analysis of 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.

  • Daily Price action analysis of ASHOKLEY based on a short to mid 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.

  • Daily Price action analysis of ASHOKLEY based on a mid 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.

Intraday technical analysis of Ashok Leyland

Stock is trading at 49.10 as on 03 Fri Jul 15:33

Day open is at 49.60, day high is at 49.60, day low is at 48.45, and day volume is at 11894.84 lakhs so far.

First 15 minute high low range is 49.05 - 49.60

First hour high low range is 48.65 - 49.60

Date Intraday Price Open High Low Volume
03 Fri Jul 15:33 49.10 49.60 49.60 48.45 26924710
03 Fri Jul 15:30 49.10 49.60 49.60 48.45 26924710
03 Fri Jul 15:25 49.10 49.60 49.60 48.45 26445259
03 Fri Jul 15:20 49.20 49.60 49.60 48.45 25949210
03 Fri Jul 15:15 49.15 49.60 49.60 48.45 25029512
Intraday ASHOKLEY chart

Trend of Ashok Leyland is not defined as of yet. Wait for entry and exit levels given below.

Take a trade after 9:30am only.

Ashok Leyland (ASHOKLEY) intraday stock price targets

  • EntEntry: 49.33 or 48.9
  • Upside target: 49.6
  • Downside target : 48.5
  • Second Upside target: 49.35
  • Second Downside target : 48.2

Ashok Leyland (ASHOKLEY) weekly technical analysis

Date Weekly Close Open Range Volume
03 Fri Jul 49.10 51.65 46.65
51.85
2596.917 lakhs
26 Fri Jun 52.45 54.45 51.80
58.50
2647.828 lakhs
19 Fri Jun 54.35 52.35 49.60
54.90
1736.419 lakhs
12 Fri Jun 52.35 50.00 47.10
55.35
3435.271 lakhs
05 Fri Jun 48.35 43.85 43.50
49.10
3221.093 lakhs
weekly ASHOKLEY chart

Weekly forecast of Ashok Leyland is negative. Sellers dominated the stock this week, and might continue to dominate in coming days too.

Weekly Price action analysis of Ashok Leyland based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Weekly Price action analysis of Ashok Leyland based on a short to mid 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.

Ashok Leyland (ASHOKLEY) Monthly technical analysis

Date Monthly Close Open Range Volume
03 Fri Jul 49.10 47.55 46.85
49.60
1217.842 lakhs
30 Tue Jun 46.95 43.85 43.50
58.50
12419.687 lakhs
29 Fri May 42.45 50.05 42.00
52.00
7609.373 lakhs
30 Thu Apr 52.35 43.05 37.30
53.20
6946.536 lakhs
31 Tue Mar 43.05 71.50 33.70
77.00
9062.156 lakhs
monthly ASHOKLEY chart

Monthly forecast of Ashok Leyland is positive. Buyers dominated the stock this month, and this trend might continue for a few days

Monthly Price action analysis of Ashok Leyland 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.

Monthly Price action analysis of Ashok Leyland 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.

Ashok Leyland Daily stock price targets

  • Upside daily target: 57.8
  • Upside daily target: 54.99
  • Upside daily target: 51.83
  • Upside daily target: 49.35
  • Downside daily target: 46.83

Ashok Leyland Weekly stock price targets

  • Upside weekly target: 57.98
  • Upside weekly target: 53.64
  • Upside weekly target: 50.63
  • Downside weekly target: 48.06
  • Downside weekly target: 45.45
  • Downside weekly target: 42.8
  • Downside weekly target: 40.5

Ashok Leyland Monthly stock price targets

  • Upside monthly target: 88.78
  • Upside monthly target: 82.74
  • Upside monthly target: 78.35
  • Upside monthly target: 73.81
  • Upside monthly target: 70.13
  • Upside monthly target: 61.28
  • Upside monthly target: 51.86
  • Downside monthly target: 49.01
  • Downside monthly target: 45.23
  • Downside monthly target: 37.23
  • Downside monthly target: 16.73

Ashok Leyland (ASHOKLEY) indicators technical analysis

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.

ADX buy sell signal for Ashok Leyland stock for short term is SELL. Signal strength is Weak and stock is losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Ashok Leyland in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 51.13 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.

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chart ASHOKLEY