Is Ashok Leyland technically bullish or bearish?

As of 18 August 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The MACD is bullish on both the weekly and monthly time frames, and Bollinger Bands also indicate a bullish trend in both time frames. Moving averages on the daily chart are bullish, reinforcing the positive momentum. Although the KST shows a mildly bearish signal on the weekly and monthly charts, it does not outweigh the overall bullish indicators. Dow Theory confirms a bullish stance on both weekly and monthly levels. The stock has shown strong performance relative to the Sensex, with a 1-week return of 9.88% compared to 0.83% for the index. Overall, the strength of the bullish trend is supported by multiple indicators across different time frames.