Overall Technical outlook

Price Summary

Ashok Leyland Limited's stock started trading at 164.72 on 2026-04-30, climbed to 164.72, fell to 160.26, and closed -1.6% lower at 162.09, with 22012633 shares traded.
In the last 52 weeks, the stock's top price was 252.95 and the bottom price was 115.42.
The future price of ASHOKLEY is anticipated to range from 155.0 to 250.0, with an expected mean price of 197.78789, according to the recommendations of 33 analysts.

Technicals

Support and Resistance: The price of 162.09 is supported at 161.98 and capped by resistance at 172.77. These levels mark key points for Ashok Leyland Limited where the price could find stability, with 161.98 as a floor and 172.77 as a ceiling.
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Support/Resistance for ASHOKLEY


Aroon: The AROON indicator reflects a strong bearish trend, with Aroon Down moving higher and the Aroon Oscillator remaining depressed for ASHOKLEY. This suggests a continuation of the downward trend, indicating that bearish momentum remains strong. The low reading of the Aroon Oscillator suggests further weakness.
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Aroon chart for Ashok Leyland Limited


Bol. Bands: The current state of the BOLL BANDS is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty.
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Bolinger Bands chart for Ashok Leyland Limited


Parabolic SAR: The PSAR for ASHOKLEY remains bearish, establishing a key resistance level that could hinder upward movement. This ongoing bearish outlook suggests that the market may face challenges in breaking higher, with the resistance level acting as a barrier to potential gains.
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Parabolic Stop and Reverse chart for Ashok Leyland Limited


Stochastic: The Stochastic K-line has fallen below the D-line and remains under the 20 mark, indicating a mildly bearish signal. This suggests that the market may experience some downward pressure, but the overall bearish sentiment is not yet strong. Investors should be cautious, watching for further developments that could confirm this trend.
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Stochastic chart for Ashok Leyland Limited


Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance for ASHOKLEY, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand.
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Tripple SMA chart for Ashok Leyland Limited


To accurately interpret a company's technical data, it is important to first examine its fundamentals. These include financial performance, management quality, and growth prospects. In addition, understanding the dynamics of the industry in which the company operates—such as competition, market trends, and regulatory factors—provides further insights. This combined analysis helps create a fuller picture, allowing for more precise conclusions to be drawn from the company's technical performance and stock behavior.