Score is 62.0, stock is technically moderately strong. Stocks with score between 60 and 70
are considered as technically Moderately Strong
The Trendlyne Momentum Score combines over 20 key technical indicators to calculate the stock's technical strength in the market. The momentum score is recalculated at the end of trading day between 5pm and 7pm on most days.
Normalized Momentum Score:
Score is 72.3, stock is technically moderately strong/bullish w.r.t to market. This score implies that only
27.7% of the stocks have higher score than Ashok Leyland Ltd.
RSI is mid-range
RSI is 65.7, RSI below 30 is considered oversold and above 70 overbought
MFI is 70.2, MFI above 70 is considered overbought.
This implies that stock may show pullback.
MACD(12, 26, 9)
MACD above Signal and Center
MACD is above its center and signal Line, this is a bullish indicator.