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ASHOKLEYMARKET OUTLOOKSTOCK OUTLOOK

Ashok Leyland Outlook for the Week (August 14, 2023 – August 18, 2023)

Ashok Leyland closed the previous week on a negative note losing 4.95%.

Technically, Ashok Leyland share price will see immediate support at 182.12 and immediate resistance would be seen at 191.57.

If Ashok Leyland share price closes below immediate support of 182.12, then sharp breakdown can be seen. Ashok Leyland share price will see major support at 177.13 for the week.

On the positive side, immediate resistance will be seen at 191.57. Closing above 191.57, Ashok Leyland share price will see a sharp breakout. Major resistance for Ashok Leyland share price will be seen at 196.03 for the week.

Trading range for Ashok Leyland share price for this week should be between 172.67 on down side and 201.02 on up side.

Ashok Leyland Previous Week High: 191.05

Ashok Leyland Previous Week Low: 181.6

Ashok Leyland Previous Week Range: 9.45 Points

Ashok Leyland share price support and resistance for the week (August 14, 2023 – August 18, 2023)

Level Type Value
Resistance 3 201.02
Resistance 2 196.03
Resistance 1 191.57
Support 1 182.12
Support 2 177.13
Support 3 172.67

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