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

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

Showing technical analysis as on 2024-05-29 View latest technical analysis

10 day averaged volume of Ashoka Metcast is 553462

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	20.15	20.15	20.15	19.00	1.366 times
28 Tue May 2024	18.35	18.50	18.95	18.05	0.085 times
27 Mon May 2024	18.15	18.80	19.90	18.00	0.184 times
02 Tue Jan 2024	31.95	33.15	34.00	30.10	0.642 times
01 Mon Jan 2024	32.55	35.20	35.70	32.10	1.445 times
29 Fri Dec 2023	34.50	29.20	34.50	28.15	1.677 times
28 Thu Dec 2023	28.75	28.00	29.90	26.40	1.05 times
27 Wed Dec 2023	27.70	26.30	30.45	24.15	2.803 times
26 Tue Dec 2023	25.55	25.00	26.00	24.15	0.643 times
22 Fri Dec 2023	25.15	22.95	26.80	22.65	1.391 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 20.3, but if it comes above 20.3, then a intra day buy could be more profitable.
If you take a sell trade below 20.3, then use 20.3 as stoploss and 14.9 as target. However if you take a buy trade in stock , then use 20.3 as stoploss and 24.69 as target.

Share price targets for Ashoka Metcast (ASHOKAMET)

Target Type	Value
Downside Target	18.00
Downside Target	18.95
Downside Target	20.15
Upside Target	20.65
Upside Target	21.20
Upside Target	21.95
Upside Target	23.45
Upside Target	24.15
Upside Target	26.80
Upside Target	27.95
Upside Target	30.10
Upside Target	34.50
Upside Target	35.70

Intraday share price targets for Ashoka Metcast (ASHOKAMET)

Target Type	Value
Downside Intraday Target	18.72
Downside Intraday Target	17.28
Upside Intraday Target	20.87
Upside Intraday Target	21.58
Downside Intraday Target	19.43

Weekly technical analysis of Ashoka Metcast (ASHOKAMET)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	20.15	18.80	20.15	18.00	0.783 times
02 Tue Jan 2024	31.95	35.20	35.70	30.10	0.338 times
29 Fri Dec 2023	34.50	25.00	34.50	24.15	3.46 times
22 Fri Dec 2023	25.15	25.00	26.80	21.20	0.566 times
15 Fri Dec 2023	24.45	21.70	27.95	20.65	7.841 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 Ashoka Metcast (ASHOKAMET)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Wed May 2024	20.15	18.80	20.15	18.00	0.783 times
02 Tue Jan 2024	31.95	35.20	35.70	30.10	0.18 times
29 Fri Dec 2023	34.50	20.75	34.50	20.20	4.042 times
30 Thu Nov 2023	20.30	18.95	21.95	18.95	6.449 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 Ashoka Metcast (ASHOKAMET)

Price action analysis of Ashoka Metcast ( (ASHOKAMET) ) 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 Ashoka Metcast ( (ASHOKAMET) ) 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) ) 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) ) 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 Ashoka Metcast stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Ashoka Metcast 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 moving up

CCI has generated a buy signal for Ashoka Metcast 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

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 28.09 and Ashoka Metcast (ASHOKAMET) 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 Ashoka Metcast (ASHOKAMET) stock. Volume based technical analysis of Ashoka Metcast (ASHOKAMET) stock is negative.

Ashoka Metcast 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.