Ashok Leyland is displaying renewed buying interest after another successful test of its established ₹138–148 demand zone.
Historically, this region has attracted repeated buying responses, making it an important structural support area.
Technical observations
1. Demand zone: The ₹138–148 region has witnessed several price rejections and recoveries. The latest rebound suggests that buyers are defending the zone, although a confirmed trend reversal remains pending.
2. Immediate resistance: ₹156.13–158.75 represents the first significant overhead hurdle. A sustained move above this region could improve the short-term bullish structure.
3. Major resistance levels
₹162.85 — Major resistance
₹167.04 — Secondary resistance
₹176.03 — Historical supply
₹180.17 — Major historical resistance
₹185.01 — Higher resistance reference
4. Bullish scenario
Sustained strength above ₹158.75 would support continuation toward ₹162.85 and ₹167.04. Further upside would require price to absorb selling pressure at subsequent resistance levels.
5. Bearish scenario
A loss of ₹148 could lead to renewed testing of ₹144–141. A decisive daily breakdown below ₹138 would weaken the current demand structure and potentially expose ₹129–130.
Each key resistance level is based on further price confirmation. The chart is for analysis purpose, not recommendation.
Historically, this region has attracted repeated buying responses, making it an important structural support area.
Technical observations
1. Demand zone: The ₹138–148 region has witnessed several price rejections and recoveries. The latest rebound suggests that buyers are defending the zone, although a confirmed trend reversal remains pending.
2. Immediate resistance: ₹156.13–158.75 represents the first significant overhead hurdle. A sustained move above this region could improve the short-term bullish structure.
3. Major resistance levels
₹162.85 — Major resistance
₹167.04 — Secondary resistance
₹176.03 — Historical supply
₹180.17 — Major historical resistance
₹185.01 — Higher resistance reference
4. Bullish scenario
Sustained strength above ₹158.75 would support continuation toward ₹162.85 and ₹167.04. Further upside would require price to absorb selling pressure at subsequent resistance levels.
5. Bearish scenario
A loss of ₹148 could lead to renewed testing of ₹144–141. A decisive daily breakdown below ₹138 would weaken the current demand structure and potentially expose ₹129–130.
Each key resistance level is based on further price confirmation. The chart is for analysis purpose, not recommendation.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.