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Technicals for Ashok Leyland Limited
By MusingTheNews
2025-10-17 20:23
Overall Technical outlook
Price Summary
On 2025-10-16, Ashok Leyland Limited's stock began at 135.98, peaked at 137.9, declined to 135.49, and ended the day 0.93% higher at 137.24, with 9945254 shares traded. The stock reached its highest price of 252.95 and its lowest price of 115.42 during the 52-week period. 36 analysts estimate that the future price of ASHOKLEY will fall between 100.0 and 169.0, with an average price expectation of approximately 144.29167.
Technicals
Support and Resistance: At 137.24, the price is supported at 133.1 and faces resistance at 137.78. This range suggests that the price for ASHOKLEY might stay between these levels, with 133.1 acting as a floor and 137.78 as a ceiling. Support/Resistance for ASHOKLEY
Aroon: The current state of the AROON is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Aroon chart for Ashok Leyland Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for ASHOKLEY, with no strong trend emerging. Bolinger Bands chart for Ashok Leyland Limited
Parabolic SAR: The PSAR continues its bearish trend, setting a resistance level that could prevent significant upward movement for ASHOKLEY. This resistance suggests that the market may struggle to overcome bearish forces, keeping upward momentum in check. Parabolic Stop and Reverse chart for Ashok Leyland Limited
Stochastic: The K-line has crossed above the D-line on the stochastic indicator while staying under 20, indicating a potential bullish move. This pattern is often viewed as an early sign that the market might begin to climb from a low level. Traders may consider this a favorable opportunity for a buying strategy. Stochastic chart for Ashok Leyland Limited
Tripple Moving Agerage: The Tripple MOVING AVG is currently in a neutral position for Ashok Leyland Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. Tripple SMA chart for Ashok Leyland Limited
A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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