ASHOKLEY - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.5

Here’s a detailed technical analysis of Ashok Leyland Ltd. (ASHOKLEY)

📊 Trend Overview

Current Trend: The stock is in a strong uptrend, trading at its 52-week high of ₹140. Price action shows bullish continuation with higher highs and strong support from moving averages.

Price Action: At ₹139, ASHOKLEY is well above both the 50-DMA (₹128) and 200-DMA (₹118), confirming sustained bullish momentum across short and long-term timeframes.

📈 Momentum Indicators

RSI (67.6): Bullish zone, approaching overbought territory. Indicates strong buying interest but signals caution for potential short-term pullback.

MACD (2.87): Positive crossover, confirming upward momentum and trend strength.

Volume: Current volume (1.73 Cr.) is above the 1-week average (1.59 Cr.), showing strong participation, which supports the breakout.

📉 Volatility & Bands

Bollinger Bands: Price is hugging the upper band, signaling strength. A breakout above ₹140 with volume could trigger a rally toward ₹150+.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 128 – 132 Near 50-DMA and recent swing low

Resistance 140 – 145 52-week high and psychological barrier

Breakout 146+ Above this, next target is ₹155 – ₹165

🎯 Entry & Exit Strategy

Optimal Entry: ₹132 – ₹136 (on dips with bullish confirmation)

Exit Zone: ₹145 – ₹150 (partial profit booking); ₹155+ (final resistance)

Stop Loss: ₹128 (below 50-DMA)

🔍 Summary

Trend: Trending upward

Momentum: Strong bullish signals from RSI and MACD

Volume: Surging, confirming breakout strength

Outlook: Positive; watch for sustained move above ₹140 with volume for next leg up

Would you like to compare ASHOKLEY with other auto or commercial vehicle stocks showing similar momentum?

Edit in a page