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(ASHOKAMET_BE) Ashoka Metcast complete technical analysis [charts+indicators] | Buy/Sell Ashoka Metcast | (ASHOKAMET_BE) share price targets

Complete technical analysis of Ashoka Metcast (ASHOKAMET_BE) by charts plus indicators, forecast predictions and share price targets for Ashoka Metcast (ASHOKAMET_BE)

10 day averaged volume of Ashoka Metcast is 83297

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 20.50 20.50 21.85 20.05 0.454 times
16 Thu May 2024 21.00 22.10 22.15 21.00 0.356 times
15 Wed May 2024 22.10 22.00 22.40 21.00 0.536 times
14 Tue May 2024 21.40 21.00 21.40 20.85 1.092 times
13 Mon May 2024 20.40 20.00 21.30 19.40 6.547 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 20.8 as stoploss in an intra day sell trade for a target of 19.67. However, stock will show a bullish move above 20.8.

Share price targets for Ashoka Metcast (ASHOKAMET_BE)

Target Type Value
Downside Target 17.00
Downside Target 18.05
Downside Target 18.80
Downside Target 20.00
Downside Target 20.50
Upside Target 21.70
Upside Target 22.30
Upside Target 22.40
Upside Target 24.05
Upside Target 27.80
Upside Target 28.00
Upside Target 33.40

Intraday share price targets for Ashoka Metcast (ASHOKAMET_BE)

Target Type Value
Downside Intraday Target 19.13
Downside Intraday Target 17.77
Upside Intraday Target 22.13
Upside Intraday Target 23.77
Upside Intraday Target 20.77

Weekly technical analysis of Ashoka Metcast (ASHOKAMET_BE)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 20.50 20.00 22.40 19.40 8.85 times
10 Fri May 2024 20.30 19.45 20.50 19.30 2.199 times
03 Fri May 2024 19.45 18.20 19.45 18.20 0.726 times
26 Fri Apr 2024 18.20 18.95 18.95 18.15 1.275 times
19 Fri Apr 2024 18.95 20.00 20.00 18.95 0.632 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Ashoka Metcast (ASHOKAMET_BE)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 20.50 18.80 22.40 18.80 2.385 times
30 Tue Apr 2024 18.75 18.50 21.70 18.05 0.093 times
28 Thu Mar 2024 18.05 25.10 27.80 17.00 1.71 times
29 Thu Feb 2024 23.95 28.00 28.00 22.30 1.612 times

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Ashoka Metcast (ASHOKAMET_BE)

Indicator Name Indicator Value Indicator Signal
ADX 30, 22, 16 Buy
MACD -0, -0Buy
Stochastics 62None
CCI 24Sell
RSI 50Sell
OBV 673927Sell
VWAP 21Sell
ADL 0Sell
ROC 5Buy
Force Index 0Sell

Price action analysis of Ashoka Metcast ( (ASHOKAMET_BE) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Ashoka Metcast ( (ASHOKAMET_BE) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Ashoka Metcast ( (ASHOKAMET_BE) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Ashoka Metcast ( (ASHOKAMET_BE) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Ashoka Metcast stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Ashoka Metcast in short term but the buy signal is initial and weak.

Ashoka Metcast Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Ashoka Metcast in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Ashoka Metcast is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 20.59 and Ashoka Metcast (ASHOKAMET_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Ashoka Metcast (ASHOKAMET_BE) stock. Volume based technical analysis of Ashoka Metcast (ASHOKAMET_BE) stock is negative.

Ashoka Metcast Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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