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Technicals for Ashok Leyland Limited
By MusingTheNews
2025-12-15 20:23
Overall Technical outlook
Price Summary
On 2025-12-15, ASHOKLEY's stock opened at 163.8, reached a peak of 167.14, dropped to 162.51, and ended 1.84% up at 166.82, with a volume of 16392146 shares. During the past 52 weeks, the highest stock price was 252.95, and the lowest was 115.42. Analysts expect the price of ASHOKLEY to vary between 123.0 and 187.0, with an average expected price near 156.13889.
Technicals
Support and Resistance: At 166.82, the price is held up by support at 148.26 and faces resistance at 246.25 for ASHOKLEY. This suggests a trading range where 148.26 provides a base and 246.25 limits upward movement. Support/Resistance for ASHOKLEY
Aroon: The continuation of Aroon's bullish trend, with Aroon Up remaining at 100, signals strong momentum. However, to fully assess the trend's future potential, it should be analyzed in conjunction with other technical indicators. Aroon chart for Ashok Leyland Limited
Bol. Bands: The current state of the BOLL BANDS 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. Bolinger Bands chart for Ashok Leyland Limited
Parabolic SAR: The PSAR for ASHOKLEY maintains a bullish outlook, establishing a crucial support level that may help maintain the current upward momentum. This strong support suggests that the market is poised to continue its upward trend, providing confidence in the ongoing bullish sentiment. Parabolic Stop and Reverse chart for Ashok Leyland Limited
Stochastic: The stochastic indicator is in a bullish phase, as the K-line is above the D-line and the 80 mark. This setup suggests strong upward momentum, implying that ASHOKLEY may continue to experience gains. Investors may consider this a positive signal for continued market growth. Stochastic chart for Ashok Leyland Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are aligned in a bearish formation, signaling a downtrend. However, the wavering slopes of the 20 and 50 SMAs suggest that the bearish momentum is starting to weaken for Ashok Leyland Limited. This could be an early sign of a potential bullish reversal, as the market's downward trend loses strength, possibly leading to a shift towards more positive price action. Tripple SMA chart for Ashok Leyland Limited
To properly assess the technical data of a company, it's important to first look at its fundamentals, such as its earnings, growth potential, and management effectiveness. Equally, understanding the industry trends, competition, and external economic factors that influence the company is vital. This holistic view helps draw meaningful conclusions about the company's technical performance, allowing investors to better gauge its stock price behavior, volatility, and market trends.
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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