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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 2024-05-17 View latest technical analysis

10 day averaged volume of Andhra Paper is 130446

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri May 2024	513.70	508.60	517.00	506.30	0.995 times
16 Thu May 2024	505.60	512.00	515.65	502.00	0.76 times
15 Wed May 2024	511.75	504.05	517.80	504.05	1.318 times
14 Tue May 2024	524.50	522.00	536.00	514.30	4.035 times
13 Mon May 2024	519.50	521.10	525.45	508.70	0.393 times
10 Fri May 2024	516.90	508.25	519.70	499.50	0.382 times
09 Thu May 2024	508.25	521.50	526.80	504.35	0.403 times
08 Wed May 2024	524.85	518.00	530.50	517.95	0.416 times
07 Tue May 2024	523.20	522.00	527.30	512.00	0.65 times
06 Mon May 2024	520.20	532.45	535.45	517.05	0.581 times

My analysis of stock is bearish for shortterm, and stock might move down till 502.7 or till 487.3. Use a stoploss of 515.62 and if the stock hits stoploss, then it can shoot up till 528.5

Share price targets for Andhra Paper (ANDHRAPAP)

Target Type	Value
Downside Target	476.00
Downside Target	490.90
Upside Target	525.00
Upside Target	536.00
Upside Target	540.00
Upside Target	544.10
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	498.47
Downside Intraday Target	483.23
Upside Intraday Target	532.47
Upside Intraday Target	551.23
Upside Intraday Target	517.23

Weekly technical analysis of Andhra Paper (ANDHRAPAP)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri May 2024	513.70	521.10	536.00	502.00	3.083 times
10 Fri May 2024	516.90	532.45	535.45	499.50	0.592 times
03 Fri May 2024	528.50	534.80	544.10	525.00	0.476 times
26 Fri Apr 2024	526.70	490.90	540.00	490.90	3.622 times
19 Fri Apr 2024	489.40	490.00	502.05	480.15	1.105 times

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

Monthly technical analysis of Andhra Paper (ANDHRAPAP)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Fri May 2024	513.70	530.00	544.10	499.50	0.651 times
30 Tue Apr 2024	531.15	489.75	540.00	480.15	0.982 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

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 Andhra Paper (ANDHRAPAP)

Price action analysis of Andhra Paper ( (ANDHRAPAP) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Andhra Paper ( (ANDHRAPAP) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Andhra Paper ( (ANDHRAPAP) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 Weak and stock is losing 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Andhra Paper in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 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 518.81 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 positive

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