ASHOKLEY - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.1

Technical Analysis Report

• Trend Status: Trending upward
• Moving Averages: Price (₹140) is above both 50 DMA (₹136) and 200 DMA (₹124), indicating bullish alignment
• RSI (59.7): Bullish momentum, nearing overbought zone
• MACD (1.02): Positive crossover, confirming upward momentum
• Bollinger Bands: Price near upper band, suggesting potential short-term resistance
• Volume: Above average (1.86 Cr vs 1.72 Cr), showing strong market interest
• Support Zones: ₹136, ₹130
• Resistance Zones: ₹144, ₹150
• Entry Zone: ₹136–₹139 (near support)
• Exit Zone: ₹144–₹150 (near resistance)

Positive

• Price above both key moving averages confirms bullish trend
• MACD and RSI support continued upward momentum
• Strong ROCE (36.5%) and ROE (31.4%) reflect excellent operational efficiency
• Low PEG ratio (0.06) suggests undervaluation relative to growth
• Dividend yield of 2.18% adds shareholder value

Limitation

• RSI nearing overbought zone may limit short-term upside
• Price close to 52-week high (₹144), indicating limited breakout room

Company Negative News

• Quarterly PAT declined from ₹1,255 Cr to ₹594 Cr
• DII holding dropped by 0.29%, reflecting cautious domestic sentiment

Company Positive News

• Quarterly profit variation of +13.0% shows year-over-year growth
• FII holding increased by 0.47%, indicating foreign investor confidence
• Stock has gained 90.9% from its 52-week low

Industry

• Commercial vehicle sector benefits from infrastructure growth and fleet replacement demand
• Industry P/E of 31.0 suggests ASHOKLEY trades at a discount

Conclusion

• ASHOKLEY is in a bullish trend with strong technical and fundamental indicators
• Entry near ₹136–₹139 offers a tactical opportunity
• Exit near ₹144–₹150 is ideal for short-term gains
• Investors should monitor RSI and volume for signs of trend continuation or exhaustion