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(ALICON) Alicon Castalloy complete technical analysis [charts+indicators] | Buy/Sell Alicon Castalloy | (ALICON) share price targets

Complete technical analysis of Alicon Castalloy (ALICON) by charts plus indicators, forecast predictions and share price targets for Alicon Castalloy (ALICON)

Alicon Castalloy trades in NSE in Aluminium sector.

Showing technical analysis as on 2024-05-09 View latest technical analysis

10 day averaged volume of Alicon Castalloy is 7877

Date	Daily Closing Price	Open	High	Low	Volume
09 Thu May 2024	849.95	880.65	880.65	842.00	1.106 times
08 Wed May 2024	876.85	880.25	898.60	867.05	0.857 times
07 Tue May 2024	876.00	882.05	904.05	871.15	0.881 times
06 Mon May 2024	895.80	916.00	924.90	892.60	0.755 times
03 Fri May 2024	921.50	926.00	928.90	909.10	0.923 times
02 Thu May 2024	915.90	940.00	940.00	907.10	1.163 times
30 Tue Apr 2024	942.15	936.00	964.25	936.00	0.922 times
29 Mon Apr 2024	954.75	980.00	980.00	935.20	1.23 times
26 Fri Apr 2024	937.45	944.00	955.10	919.05	1.173 times
25 Thu Apr 2024	944.90	942.00	953.10	914.05	1.012 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 872.1, but if it comes above 872.1, then a intra day buy could be more profitable.
If you take a sell trade below 872.1, then use 872.1 as stoploss and 836 as target. However if you take a buy trade in stock , then use 872.1 as stoploss and 902.18 as target.

Share price targets for Alicon Castalloy (ALICON)

Target Type	Value
Downside Target	775.55
Downside Target	824.05
Downside Target	842.00
Upside Target	895.95
Upside Target	924.90
Upside Target	940.00
Upside Target	941.00
Upside Target	955.10
Upside Target	980.00
Upside Target	1019.25
Upside Target	1069.90

Intraday share price targets for Alicon Castalloy (ALICON)

Target Type	Value
Downside Intraday Target	819.67
Downside Intraday Target	789.38
Upside Intraday Target	902.57
Upside Intraday Target	955.18
Upside Intraday Target	872.28

Weekly technical analysis of Alicon Castalloy (ALICON)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Thu May 2024	849.95	916.00	924.90	842.00	0.849 times
03 Fri May 2024	921.50	980.00	980.00	907.10	0.723 times
26 Fri Apr 2024	937.45	895.00	955.10	877.05	1.599 times
19 Fri Apr 2024	891.05	875.60	895.95	849.90	0.511 times
12 Fri Apr 2024	895.60	868.90	914.50	866.30	1.19 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Alicon Castalloy (ALICON)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Thu May 2024	849.95	940.00	940.00	842.00	0.228 times
30 Tue Apr 2024	942.15	824.05	980.00	824.05	0.79 times
28 Thu Mar 2024	823.85	921.00	941.00	775.55	0.79 times
29 Thu Feb 2024	925.15	1000.00	1019.25	876.15	0.212 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Alicon Castalloy (ALICON)

Price action analysis of Alicon Castalloy ( (ALICON) ) based on a short 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.

Price action analysis of Alicon Castalloy ( (ALICON) ) based on a short to mid 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 Alicon Castalloy ( (ALICON) ) 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 Alicon Castalloy stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Alicon Castalloy in short term but the sell signal is initial and weak.

Alicon Castalloy Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Alicon Castalloy in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Alicon Castalloy is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 913.4 and Alicon Castalloy (ALICON) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Alicon Castalloy (ALICON) stock. Volume based technical analysis of Alicon Castalloy (ALICON) stock is negative.

Alicon Castalloy Stock has given negative 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.