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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 2024-05-29 View latest technical analysis

10 day averaged volume of Alicon Castalloy is 110951

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	1081.55	1085.40	1098.25	1070.85	0.367 times
28 Tue May 2024	1078.40	1120.50	1133.75	1063.35	0.49 times
27 Mon May 2024	1114.50	1145.90	1160.40	1104.45	0.864 times
24 Fri May 2024	1121.10	1042.00	1134.90	1020.25	1.584 times
23 Thu May 2024	1042.30	1078.95	1098.05	1031.05	0.406 times
22 Wed May 2024	1067.25	981.85	1133.90	981.85	3.07 times
21 Tue May 2024	981.85	958.10	1000.65	958.10	0.395 times
18 Sat May 2024	993.85	961.00	1001.00	961.00	0.162 times
17 Fri May 2024	955.20	1005.05	1005.05	942.70	2.727 times
16 Thu May 2024	869.00	879.30	892.00	861.40	0.207 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1049, but if it comes below 1049, then a intra day sell could be more profitable.
If you take a sell trade below 1049, then use 1049 as stoploss and 953.07 as target. However if you take a buy trade in stock , then use 1049 as stoploss and 1164 as target.

Share price targets for Alicon Castalloy (ALICON)

Target Type	Value
Downside Target	775.55
Downside Target	824.05
Downside Target	876.15
Downside Target	907.10
Downside Target	980.00
Downside Target	1005.05
Downside Target	1019.25
Downside Target	1063.35
Downside Target	1069.90
Upside Target	1134.90
Upside Target	1160.40

Intraday share price targets for Alicon Castalloy (ALICON)

Target Type	Value
Downside Intraday Target	1043.13
Downside Intraday Target	1004.72
Upside Intraday Target	1140.18
Upside Intraday Target	1198.82
Upside Intraday Target	1101.77

Weekly technical analysis of Alicon Castalloy (ALICON)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	1081.55	1145.90	1160.40	1063.35	0.315 times
24 Fri May 2024	1121.10	958.10	1134.90	958.10	1.562 times
18 Sat May 2024	993.85	855.00	1005.05	830.20	9.85 times
10 Fri May 2024	845.85	916.00	924.90	837.50	1.179 times
03 Fri May 2024	921.50	980.00	980.00	907.10	0.723 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
29 Wed May 2024	1081.55	940.00	1160.40	830.20	6.321 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 up this month, and volume has increased substantially. This means that the move can 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 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 Alicon Castalloy ( (ALICON) ) 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 Alicon Castalloy ( (ALICON) ) based on a mid to longer 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.

ADX buy sell signal for Alicon Castalloy stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Alicon Castalloy in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Alicon Castalloy Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Alicon Castalloy in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1041.41 and Alicon Castalloy (ALICON) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 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.