Technical Analysis of

ASHOKLEY

is currently trading at ₹239.61. On the daily chart, the stock recently faced resistance at ₹245.71 and witnessed a mild pullback, indicating some profit booking at higher levels. It is still trading above its key moving averages: 9-day EMA at ₹238.62, 70-day EMA at ₹217.63, and 100-day EMA at ₹216.25 which is signalling continued bullish momentum in the short term. The RSI is at 61.60, which is not overbought, suggesting room for further upside if momentum continues. On the weekly chart, the stock has decisively crossed the resistance at ₹233.40 and is holding above it, indicating strength. Weekly moving averages also support the uptrend: 9-week EMA at ₹220.10, 70-week EMA at ₹213.61, and 100-week EMA at ₹201.09, all comfortably below the current price. The next key resistance lies at ₹258.78. If the stock sustains above ₹245.71 in the coming sessions, it may head towards ₹258.78, but a failure to hold ₹233.40 may lead to retesting support levels at ₹226.08 or ₹221.83. Overall, the trend remains positive with bullish bias as long as it stays above ₹233.40. I have attached the daily chart of for your reference. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.