Ashok Leyland is currently in a strong uptrend, with price trading well above its 20, 50, 100 and 200-day moving averages, indicating sustained buying support across timeframes. Momentum indicators like RSI (around 75), CCI, StochRSI and MFI are all in strong uptrend/overbought zones, showing strong bullish momentum but also hinting at the risk of short-term profit-booking after a sharp rally. Recent price action includes an intraday surge to around ₹157–160 with 1-week and 1-month returns significantly outperforming the broader market, confirming relative strength in the stock. Immediate support is seen near ₹152–145, while resistance is placed around ₹165–170; dips towards support zones may offer better risk-reward than chasing prices at overbought levels.
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