500477 NEWS why is Ashok Leyl. price falling or rising

500477 NEWS reasons for why stock price of Ashok Leyl. is falling or rising

500477 Ashok Leyl is falling or rising technical reasons

Technical analysis forecast for Ashok Leyl Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Ashok Leyl 500477 at this time. Stock is falling and might fall more.

It appears as if Ashok Leyl 500477 gave a large move recently.

Stock of Ashok Leyl (500477) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Ashok Leyl is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 167.7 as stoploss in an intra day buy trade for a target of 172.73. However, stock will show a bearish move below 167.7.

500477 Ashok Leyl is falling or rising NEWS fundamental reasons

Ashok Leyland, South Indian Bank ink pact for dealer financing "We are extremely happy to partner with Ashok Leyland Ltd. Through our varied financial solutions, our goal is to offer convenient and complete financing choices to dealers," South Indian Bank Senior General Manager and Group Business Head Biji SS said in - NEWS as on 2024-04-19 indiatimes.com

ICICI Securities downgrades Ashok Leyland to 'Sell', sees 20% downside Shares of Ashok Leyland fell 2.3 per cent to Rs 172 per share on the BSE in Thursday's intraday after ICICI Securities downgraded the stock to 'Sell' from' Hold' - NEWS as on 2024-04-18 business-standard.com

More announcements and NEWS

500477 Ashok Leyl. current price & indicator signals

Moving Averages for Ashok Leyl.

  • 5Day Average: 173.82
  • 12Day Average: 175.05
  • 20Day Average: 172.05
  • 50Day Average: 171.62
  • 100Day Average: 173.69
  • 150Day Average: 174.03
  • 200Day Average: 175.47

500477 Indicators & signals

Indicator MACD (12,26,9)

173.38, 172.41, 1.29
Indicator MACD is in positive zone

Indicator ADX (14)

21.93, 19.69, 30.75
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 49
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 500477 Ashok Leyl. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Fri Apr 2024 169.35 166.15 to 170.00 -0.21% 1.16 times
18 Thu Apr 2024 169.70 169.10 to 176.55 -3.69% 1.41 times
16 Tue Apr 2024 176.20 172.40 to 177.30 0.4% 1.1 times
15 Mon Apr 2024 175.50 168.05 to 176.10 -1.6% 1.52 times
12 Fri Apr 2024 178.35 177.10 to 181.10 -0.03% 1.14 times
10 Wed Apr 2024 178.40 176.00 to 180.55 1.36% 0.72 times
09 Tue Apr 2024 176.00 175.20 to 177.65 -0.62% 0.3 times
08 Mon Apr 2024 177.10 175.55 to 178.15 0.48% 1.54 times
05 Fri Apr 2024 176.25 171.35 to 177.50 1.94% 0.53 times
04 Thu Apr 2024 172.90 172.55 to 174.60 -0.77% 0.9 times
03 Wed Apr 2024 174.25 171.10 to 175.45 -1.3% 0.84 times
02 Tue Apr 2024 176.55 174.60 to 178.25 1.09% 1.7 times

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500477 NEWS why is Ashok Leyl. price falling or rising

 

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