Ashok Leyland Alert: The Perfect Breakout Retest
Ashok Leyland (ASHOKLEY) is flashing a high-probability technical setup on the daily chart. Currently trading at 169.95, the stock recently broke out of a multi-month descending resistance line. It is now executing a textbook pullback, dropping directly into a major demand zone where the broken trendline and the blue moving average intersect.
Key Levels
Overhead Target (Resistance): 180.00 – 182.00 (Recent swing high)
Crucial Support (Retest Zone): 166.00 – 168.00 (Convergence of the moving a
Ashokleyland
Ashok Leyland cmp 176.50 Daily ChartAshok Leyland cmp 176.50 Daily Chart
- Support Zone 161 to 173 Price Band
- Resistance Zone 179 to 192 Price Band
- Rounding Bottom by Resistance neckline
- Falling Resistance Trendline Breakout attempted
- Volumes are needed for the upside Price Breakout
- Price shouldering along the Rising Support Trendline
Ashok Leyland: Repeated Bullish Cycles Showing Strength Ashok Leyland has maintained a strong long-term bullish structure, forming a series of higher highs and higher lows over the past few years.
After every major rally, the stock has entered a consolidation phase and delivered the next leg of upside after breaking out of the range. Currently, the stock is again trading inside a descending consolidation channel, indicating a healthy correction rather than a trend reversal.
A sustained breakout above the upper boundary of this consolidation pattern
Ashok Leyland – Averaging Strategy (Weekly View)📊 Ashok Leyland- CMP:148.44; RSI44.17
Stock has seen a sharp rally till ~₹215 and is now in a healthy corrective phase, approaching key Fibonacci supports.
🔍 Technical Structure:
Price correcting towards 0.382 Fib (~₹138) → immediate support
Next strong supports at:
0.5 Fib → ₹115
0.618 Fib → ₹91
Long-term trend still intact above 200 EMA
RSI cooling off → correction phase, not breakdown
🧠 Averaging Plan:
✅ 1st Buying Zone: ₹140–135
👉 Near 0.382 Fib (current zone)
✅ 2nd Buying Zone: ₹
Ashok Leyland (D): Strongly Bullish, Blue-Sky BreakoutThis is a high-conviction, fundamentally-driven breakout. After a volatile re-test, the stock has confirmed its breakout above a key consolidation zone and is now in a "price discovery" phase, backed by exceptional volume and strong earnings.
🚀 1. The Fundamental Catalyst (The "Why")
The explosive move this week is powered by a strong Q2 2026 earnings report (announced Nov 12). The positive results and dividend declaration provided the high-conviction "fuel" for the market to absorb the fai
Ashok Leyland (CMP ₹141.5) Pattern: Cup formation nearing neckline resistance.
Structure: Price consolidating near resistance zone of ₹143–145 after a rounding bottom recovery.
Indicators:
RSI steady around 60, mild bullish bias.
MACD positive, slightly flattening — needs fresh momentum.
Price above 50 & 200 EMA — trend intact.
Trade Plan:
📈 Buy above: ₹144 (confirmation above neckline)
🛑 Stoploss: ₹140
🎯 Targets: ₹149 / ₹152.4
View: Short-term consolidation but potential continuation if ₹144 breaks with volu
ASHOKLEY 1 Day View 📊 Intraday Support & Resistance Levels
Based on recent technical analysis, the key intraday levels for ASHOKLEY are:
Support Levels: ₹135.86, ₹137.53
Resistance Levels: ₹139.32, ₹141.61
The stock is currently near its support zone, which may present a buying opportunity if it holds above ₹137.53. A break below ₹135.86 could lead to further downside.
📉 Technical Indicators
RSI (14): 40.08, indicating neutral momentum.
MACD: -0.45, suggesting mild bearishness.
Moving Averages: Trading belo
ICICIBANK 1D Time frame₹1,345.80 (NSE)
Day’s Range: ₹1,342.60 – ₹1,356.60
52-Week Range: ₹1,186.00 – ₹1,500.00
📉 Technical Overview
Trend: The stock is trading below its 200-day moving average, indicating a mildly bearish trend.
RSI: Currently at 26.6, suggesting the stock is in the oversold zone.
MACD: At -10.01, reinforcing the bearish momentum.
Moving Averages: A strong sell signal is indicated, with 0 buy signals and 12 sell signals across various timeframes.
🔼 Potential Upside (Rise)
Immediate Resistance
AXISBANK 1D Time frameTrading close to ₹1,130.
This is slightly below the earlier ₹1,160–₹1,170 zone we discussed, so the range shifts down.
🔼 Upside (Rise Possibility)
Immediate resistance near ₹1,140 – ₹1,145.
If price breaks and sustains above this, it can move to ₹1,155 – ₹1,165.
Strong momentum above ₹1,165 may extend toward ₹1,175.
🔽 Downside (Fall Possibility)
First support is at ₹1,120 – ₹1,115.
If that breaks, price could slip toward ₹1,105 – ₹1,095.
Closing below ₹1,095 would weaken the trend furth
Ashok Leyland – Technical Research ReportAshok Leyland continues to maintain a strong uptrend across all time frames, forming higher tops and bottoms. The weekly chart confirms a "Rounding Bottom Breakout" above ₹134, backed by strong volume participation, which indicates sustained bullish interest.
The stock is comfortably trading above key moving averages (20, 50, 100, 200 SMA), adding further confirmation to the trend strength. A margin of safety zone has been identified near ₹134–₹136 levels, where value buying is likely to eme
SENSEX 1D Time frameOpening Level: ₹80,500
Current Level: ₹80,15.23
Day's Range: ₹80,300 – ₹80,800
🔑 Key Support & Resistance Levels
Immediate Support: ₹80,500
Immediate Resistance: ₹81,000
Pivot Point: ₹80,745.23
📊 Market Sentiment
Trend: The Sensex has experienced a six-day losing streak, indicating bearish momentum.
Reuters
Volume: Trading volume is significantly higher than its 20-day average, suggesting increased investor activity.
📈 Strategy (1D Timeframe)
1. Bullish Scenario
Entry: Above ₹81,000
INFY 1D Time frame📊 Daily Snapshot
Closing Price: ₹1,484.65
Day’s Range: ₹1,476.50 – ₹1,502.70
Previous Close: ₹1,494.60
Change: Down –0.64%
52-Week Range: ₹1,307.00 – ₹2,006.45
Market Cap: ₹6.17 lakh crore
P/E Ratio (TTM): 22.62
Dividend Yield: 2.90%
EPS (TTM): ₹65.63
Beta: 1.09 (indicating moderate volatility)
🔑 Key Technical Levels
Support Zone: ₹1,469 – ₹1,473
Resistance Zone: ₹1,485 – ₹1,490
Pivot Point: ₹1,480.97 (Fibonacci)
All-Time High: ₹2,006.45
📈 Technical Indicators
RSI (14-day): 44.4
MARUTI 1D Time frame📊 Daily Snapshot
Closing Price: ₹16,240
Day’s Range: ₹16,063 – ₹16,375
52‑Week Range: ₹10,725 – ₹16,375
Market Cap: ₹5.1 lakh crore
P/E Ratio: 35.1
Dividend Yield: 0.83%
EPS (TTM): ₹463.5
Beta: 0.88 (lower volatility)
🔑 Key Levels
Support Zone: ₹16,100 – ₹16,150
Resistance Zone: ₹16,300 – ₹16,375
All-Time High: ₹16,375
📈 Strategy (1D Timeframe)
1. Bullish Scenario
Entry: Above ₹16,300
Stop-Loss: ₹16,150
Target: ₹16,500 → ₹16,600
2. Bearish Scenario
Entry: Below ₹16,100
Stop-Lo
Ashokleyland Truck and Bus loaded with BULLS ?!!Yes!!!!
Chart patterns suggest me the above titled opinion of mine.
Reasons-
1. It's moving in a Ascending channel pattern from MARCH 2020 TILL NOW
2. 3 Upside candles(3 white soldiers) in monthly timeframe(shown below) with good rise in volumes
3. In weekly time frame, Bullish Marubozu candle Breakout seen with good volumes (shown below)
4. Coming to daily time frame, Inverted h&s pattern looks visible and Breakout has happened and now retesting.(there also 3 white soldiers visibl
ASHOK LEYLAND LONG IDEA......Pros
Ashok Leyland chart looks good for reversal.
Auto sector looks relatively strong compared to other sectors in this fall.
Risk:Reward
Stoploss is Trend line breakdown. Target is ATH. Which gives best Risk:Reward.
Cons: Broader Market is very bad currently. One +ve thing in this market is "It is oversold". So Risk Management is very important now.
Note This is Technical view only. No idea about Fundamentals.
ASHOKLEYLAND - Example of history repeats!Overview & Observation:
1. Beautiful clean breakouts.
2. Broke multiyear resistance level.
3. Earnings are strong.
4. Expecting a minor consolidation and further upmove
Trade Plan:
1. Keep it on radar, and track it closely.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your
Ashok Leyland: Bullish Reversal with Strong Upside PotentialAshok Leyland is showing strength near its major support range of 212-220, and the daily chart suggests potential upside targets at 243.27 and 258.10. These targets could be achieved within the week, supported by several technical indicators pointing towards a bullish reversal.
Long-term RSI levels are all above the critical 50 mark, indicating positive momentum, with the exception of RSI-7, which is trailing behind, suggesting there’s still room for the shorter-term RSI to catch up and drive f























