ASHOKLEY - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

IntraDay Trade Rating: 4.1

🚛 Intraday Trading Analysis for ASHOKLEY (Ashok Leyland Ltd.)

ASHOKLEY presents a reasonably strong setup for intraday trading today, supported by solid fundamentals, recent profit growth, and a favorable technical posture. While momentum indicators are neutral, the stock is trading above key moving averages and shows signs of accumulation, making it suitable for a range-bound to breakout trade.

🔍 Key Technical & Fundamental Highlights

✅ Supportive Technicals

RSI at 50.6: Neutral — potential for upward move if volume picks up.

MACD at +0.49: Mild bullish crossover — trend continuation possible.

Current Price ₹123 > DMA50 ₹121 and DMA200 ₹114: Positive trend — above key support zones.

Volume Today (66.97L) < Avg Vol 1Wk (80.09L): Slightly below average — watch for pickup.

52w Index at 75.6%: Mid-range — room to test highs.

✅ Strong Fundamentals

ROCE 14.3% & ROE 28.8%: Excellent return metrics — especially ROE.

EPS ₹5.29 vs. P/E 23.7: Fairly valued.

PEG Ratio 0.13: Extremely attractive — undervalued relative to growth.

Debt-to-Equity 4.08: High leverage — typical for capital-intensive auto firms.

PAT Qtr ₹1,190 Cr vs. Prev Qtr ₹761 Cr: Strong sequential growth.

Qtr Profit Var +33.6%: Robust YoY performance.

FII Holding Change +0.52%: Positive foreign sentiment.

DII Holding Change -0.45%: Mild domestic trimming.

🛒 Optimal Buy Price for Intraday

Buy Zone: ₹122–₹123 Entry on sustained price above ₹123 with volume exceeding 75L and RSI rising toward 53+

🎯 Exit Strategy

Profit-Taking Levels

Target 1: ₹126 — short-term resistance

Target 2: ₹129 — upper range before 52-week high

Stop-Loss / Loss Protection

Stop-Loss: ₹119 — below DMA50 and psychological ₹120 level

📉 If You Already Hold the Stock Today

Exit on Weakness

RSI drops below 48 or MACD turns flat

Price fails to hold above ₹123 by mid-session (around 1:00 PM IST)

Volume Watch

If volume remains below 70L and price stalls near ₹123–₹124, consider partial exit

Momentum Exit Strategy

If price hits ₹126+, trail stop-loss upward by ₹2–₹3 increments

Exit fully if price reverses from ₹128+ with rising sell pressure

Would you like a scan of other auto sector stocks with low PEG ratios and strong ROE for short-term trading setups?

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