A

ASHOKLEY.NSE

Stock on Spotlight Ashok Leyland

Short-term

Equities

1 month ago

15-min chart indicates a shift from bearish trend to short-term bullish consolidation.

After facing strong rejection near 212–213, the stock declined and formed a base around 202 with a high-volume reversal. This zone now acts as key demand. Price has since moved above Supertrend and ALMA, forming higher lows and showing recovery strength.

Currently consolidating between 206 support and 209 resistance.

Above 209: breakout can push price toward 212–214.
Below 206: weakness may lead to a retest of 202–203 demand.

  • Bias remains mildly bullish while holding above 206, with a breakout awaited for directional confirmation.

Comment your suggestions

Loading comments...

Posted by

MANJARI BALU

Moderator

1 month ago

Disclaimer

Investment in the securities market are subject to market risks, read all the related documents carefully before investing.

The materials and information presented do not constitute financial, investment, trading, or professional advice endorsed or provided by Enrich Money. For full disclosures, please see ourTerms of Use.

Upcoming Webinars

Loading webinars...

Enrich money logo