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(ANDHRAPAP) Andhra Paper complete technical analysis [charts+indicators] | Buy/Sell Andhra Paper | (ANDHRAPAP) share price targets

Complete technical analysis of Andhra Paper (ANDHRAPAP) by charts plus indicators, forecast predictions and share price targets for Andhra Paper (ANDHRAPAP)

Showing technical analysis as on 2024-04-18 View latest technical analysis

10 day averaged volume of Andhra Paper is 74775

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	488.55	493.00	495.00	486.95	1.496 times
16 Tue Apr 2024	493.55	490.00	495.45	488.10	0.767 times
15 Mon Apr 2024	491.75	490.00	502.05	483.40	0.956 times
12 Fri Apr 2024	503.35	508.10	508.10	500.85	1.211 times
10 Wed Apr 2024	504.45	512.40	512.40	501.60	0.861 times
09 Tue Apr 2024	506.10	514.20	519.10	502.35	0.817 times
08 Mon Apr 2024	514.20	514.10	518.70	512.00	0.875 times
05 Fri Apr 2024	514.05	517.00	519.00	510.00	0.919 times
04 Thu Apr 2024	516.25	514.00	519.30	509.00	0.868 times
03 Wed Apr 2024	512.55	509.00	516.20	504.90	1.889 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 490.9, but if it comes above 490.9, then a intra day buy could be more profitable.
If you take a sell trade below 490.9, then use 490.9 as stoploss and 479.5 as target. However if you take a buy trade in stock , then use 490.9 as stoploss and 500.37 as target.

Share price targets for Andhra Paper (ANDHRAPAP)

Target Type	Value
Downside Target	476.00
Upside Target	519.10
Upside Target	519.30
Upside Target	535.85
Upside Target	558.05
Upside Target	577.05
Upside Target	628.00
Upside Target	649.65

Intraday share price targets for Andhra Paper (ANDHRAPAP)

Target Type	Value
Downside Intraday Target	480.62
Downside Intraday Target	472.68
Upside Intraday Target	499.27
Upside Intraday Target	509.98
Upside Intraday Target	491.33

Weekly technical analysis of Andhra Paper (ANDHRAPAP)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	488.55	490.00	502.05	483.40	0.855 times
12 Fri Apr 2024	503.35	514.10	519.10	500.85	0.704 times
05 Fri Apr 2024	514.05	489.75	519.30	489.75	0.764 times
28 Thu Mar 2024	485.75	496.00	503.95	480.00	1.786 times
22 Fri Mar 2024	496.65	503.15	508.65	491.90	0.232 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 Andhra Paper (ANDHRAPAP)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	488.55	489.75	519.30	483.40	0.378 times
28 Thu Mar 2024	485.75	513.60	535.85	476.00	0.394 times
29 Thu Feb 2024	512.10	624.95	628.00	499.55	1.261 times
31 Wed Jan 2024	621.10	615.00	649.65	577.05	1.326 times

Scroll below to view daily charts

Price has moved up 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 Andhra Paper (ANDHRAPAP)

Price action analysis of Andhra Paper ( (ANDHRAPAP) ) 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 Andhra Paper ( (ANDHRAPAP) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Andhra Paper ( (ANDHRAPAP) ) 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 Andhra Paper stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Andhra Paper in short term and the sell signal is strong.

Andhra Paper 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Andhra Paper in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Andhra Paper is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 504.32 and Andhra Paper (ANDHRAPAP) 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 Andhra Paper (ANDHRAPAP) stock. Volume based technical analysis of Andhra Paper (ANDHRAPAP) stock is negative.

Andhra Paper Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

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