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Stock analysis Ashok Leyland Limited ASHOKLEY

More indepth analysis on MunafaSutra.com

Moving Averages for Ashok Leyland Limited

  • 5Day Average: 183.66
  • 12Day Average: 177.84
  • 20Day Average: 177.01
  • 50Day Average: 172.41
  • 100Day Average: 173.83
  • 150Day Average: 173.99
  • 200Day Average: 176.02

ASHOKLEY Indicators & signals

Indicator MACD (12,26,9)

179.95, 176.28, 2.05
Indicator MACD is in positive zone

Indicator ADX (14)

51.15, 43.04, 13.91
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 56
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
30 Tue Apr 2024 192.65 185.65 to 194.25 3.94% 3.32 times
29 Mon Apr 2024 185.35 184.85 to 188.00 0.19% 0.94 times
26 Fri Apr 2024 185.00 177.40 to 187.20 4.11% 2.9 times
25 Thu Apr 2024 177.70 177.05 to 178.80 0.06% 0.72 times
24 Wed Apr 2024 177.60 174.40 to 178.40 1.69% 0.8 times
23 Tue Apr 2024 174.65 172.75 to 174.95 1.13% 0.55 times
22 Mon Apr 2024 172.70 170.25 to 173.40 1.98% 0.77 times
19 Fri Apr 2024 169.35 166.25 to 170.00 -0.21% 0.66 times
18 Thu Apr 2024 169.70 169.05 to 176.50 -3.69% 1.24 times
16 Tue Apr 2024 176.20 172.05 to 177.30 0.77% 0.69 times
15 Mon Apr 2024 174.85 172.95 to 176.20 -1.96% 0.72 times
12 Fri Apr 2024 178.35 177.10 to 181.20 -0.08% 1.02 times

Technical analysis forecast of Ashok Leyland Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Ashok Leyland Limited ASHOKLEY at this time. Stock is rising and might rise more.

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

Stock of Ashok Leyland Limited (ASHOKLEY) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

Although my analysis for Ashok Leyland Limited 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 189, for a target of 182.7 or 177.43

More indepth analysis on MunafaSutra.com