Is Ashok Leyland technically bullish or bearish?
As of October 24, 2025, Ashok Leyland's trend is mildly bullish, supported by positive MACD and Bollinger Bands, though tempered by a mildly bearish KST and Dow Theory readings.
As of 24 October 2025, the technical trend for Ashok Leyland has changed from bullish to mildly bullish. The current stance is mildly bullish, supported by a bullish MACD on both weekly and monthly time frames, and bullish Bollinger Bands on the weekly chart. Daily moving averages also indicate a bullish sentiment. However, the KST shows a mildly bearish reading on the monthly, and Dow Theory indicates a mildly bearish stance on the weekly, which tempers the overall bullish outlook. The stock has shown strong performance year-to-date and over the past three years compared to the Sensex, but recent monthly performance has lagged.
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