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Stock analysis Ashok Leyland Limited ASHOKLEY

More indepth analysis on MunafaSutra.com

Moving Averages for Ashok Leyland Limited

  • 5Day Average: 219.68
  • 12Day Average: 223
  • 20Day Average: 223.13
  • 50Day Average: 223.97
  • 100Day Average: 230.03
  • 150Day Average: 233.6
  • 200Day Average: 224.97

ASHOKLEY Indicators & signals

Indicator MACD (12,26,9)

221.7, 223.6, -0.69
Indicator MACD is in negative zone

Indicator ADX (14)

28.78, 19.23, 34.78
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 48
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ASHOKLEY Ashok Leyland Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
10 Fri Jan 2025 210.57 207.60 to 214.61 -1.79% 1.31 times
09 Thu Jan 2025 214.40 213.91 to 222.91 -3.74% 1.06 times
08 Wed Jan 2025 222.73 221.10 to 224.80 -0.8% 0.98 times
07 Tue Jan 2025 224.52 223.55 to 229.20 -0.73% 0.73 times
06 Mon Jan 2025 226.16 225.31 to 234.13 -3.4% 0.62 times
03 Fri Jan 2025 234.13 232.35 to 236.50 -0.83% 0.95 times
02 Thu Jan 2025 236.08 224.27 to 238.20 5.95% 3.34 times
01 Wed Jan 2025 222.82 219.21 to 223.98 1.05% 0.32 times
31 Tue Dec 2024 220.50 219.34 to 222.00 -1.29% 0.53 times
30 Mon Dec 2024 223.38 218.05 to 224.70 1.3% 1.1 times
27 Fri Dec 2024 220.51 219.74 to 223.75 0.17% 0.38 times
26 Thu Dec 2024 220.14 218.02 to 220.95 0.12% 0.66 times

Technical analysis forecast for Ashok Leyland Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Ashok Leyland Limited ASHOKLEY at this time. Stock is falling and might fall more.

It appears as if Ashok Leyland Limited ASHOKLEY gave a large move recently.

Stock of Ashok Leyland Limited (ASHOKLEY) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

Although my analysis for Ashok Leyland Limited is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 208.9, for a target of 216.6 or 223.07

More indepth analysis on MunafaSutra.com