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(AshokLeyl) Ashok Leyl complete technical analysis [charts+indicators] | Buy/Sell Ashok Leyl | (AshokLeyl) share price targets

Complete technical analysis of Ashok Leyl (AshokLeyl) by charts plus indicators, forecast predictions and share price targets for Ashok Leyl (AshokLeyl)

Showing technical analysis as on 2023-05-22 View latest technical analysis

10 day averaged volume of Ashok Leyl is 596702

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon May 2023	153.15	154.10	154.70	152.45	0.39 times
19 Fri May 2023	154.55	152.15	154.90	151.55	1.274 times
18 Thu May 2023	152.70	152.85	154.50	152.05	1.316 times
17 Wed May 2023	152.80	151.70	154.40	151.70	1.041 times
16 Tue May 2023	153.00	153.35	153.90	152.10	2.299 times
15 Mon May 2023	153.30	149.15	153.70	149.15	1.594 times
12 Fri May 2023	149.75	147.65	150.40	147.35	0.456 times
11 Thu May 2023	148.85	149.35	150.75	148.60	0.453 times
10 Wed May 2023	148.80	147.10	149.00	146.65	0.329 times
09 Tue May 2023	147.00	146.80	148.80	146.45	0.677 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 152.2, but if it comes below 152.2, then a intra day sell could be more profitable.
If you take a sell trade below 152.2, then use 152.2 as stoploss and 147.18 as target. However if you take a buy trade in stock , then use 152.2 as stoploss and 158.2 as target.

Share price targets for Ashok Leyl (AshokLeyl)

Target Type	Value
Downside Target	133.10
Downside Target	142.10
Downside Target	146.45
Downside Target	149.15
Downside Target	150.75
Downside Target	152.45
Downside Target	152.80
Upside Target	154.70
Upside Target	154.90
Upside Target	156.25

Intraday share price targets for Ashok Leyl (AshokLeyl)

Target Type	Value
Downside Intraday Target	152.17
Downside Intraday Target	151.18
Upside Intraday Target	154.42
Upside Intraday Target	155.68
Upside Intraday Target	153.43

Weekly technical analysis of Ashok Leyl (AshokLeyl)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon May 2023	153.15	154.10	154.70	152.45	0.052 times
19 Fri May 2023	154.55	149.15	154.90	149.15	3.039 times
12 Fri May 2023	149.75	144.35	150.75	144.35	0.799 times
05 Fri May 2023	144.45	145.95	146.00	142.10	0.434 times
28 Fri Apr 2023	145.95	136.25	146.30	136.05	1.903 times

Price has moved down 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 Leyl (AshokLeyl)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Mon May 2023	153.15	145.95	154.90	142.10	0.781 times
28 Fri Apr 2023	145.95	140.20	146.30	134.45	1.341 times
31 Fri Mar 2023	139.15	145.75	146.45	133.10	0.613 times
28 Tue Feb 2023	145.50	149.90	156.25	137.70	1.041 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 Leyl (AshokLeyl)

Price action analysis of Ashok Leyl ( (AshokLeyl) ) 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 Leyl ( (AshokLeyl) ) 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 Leyl ( (AshokLeyl) ) 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 Leyl stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Ashok Leyl 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 Leyl 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 green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Ashok Leyl in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Ashok Leyl is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 152.3 and Ashok Leyl (AshokLeyl) 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 Leyl (AshokLeyl) stock. Volume based technical analysis of Ashok Leyl (AshokLeyl) stock is negative.

Ashok Leyl 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.