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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 2024-05-30 View latest technical analysis

10 day averaged volume of Ashoka Metcast is 624592

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu May 2024	22.15	22.15	22.15	21.70	1.777 times
29 Wed May 2024	20.15	20.15	20.15	19.00	1.21 times
28 Tue May 2024	18.35	18.50	18.95	18.05	0.075 times
27 Mon May 2024	18.15	18.80	19.90	18.00	0.163 times
02 Tue Jan 2024	31.95	33.15	34.00	30.10	0.568 times
01 Mon Jan 2024	32.55	35.20	35.70	32.10	1.281 times
29 Fri Dec 2023	34.50	29.20	34.50	28.15	1.486 times
28 Thu Dec 2023	28.75	28.00	29.90	26.40	0.931 times
27 Wed Dec 2023	27.70	26.30	30.45	24.15	2.484 times
26 Tue Dec 2023	25.55	25.00	26.00	24.15	0.57 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 20.3 as stoploss in an intra day buy trade for a target of 24.74. However, stock will show a bearish move below 20.3.

Share price targets for Ashoka Metcast (ASHOKAMET)

Target Type	Value
Downside Target	18.00
Downside Target	18.95
Downside Target	20.20
Downside Target	20.65
Downside Target	21.20
Downside 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	19.38
Downside Intraday Target	16.62
Upside Intraday Target	23.53
Upside Intraday Target	24.92
Downside Intraday Target	20.77

Weekly technical analysis of Ashoka Metcast (ASHOKAMET)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu May 2024	22.15	18.80	22.15	18.00	1.744 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Ashoka Metcast (ASHOKAMET)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Thu May 2024	22.15	18.80	22.15	18.00	1.744 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, and volume has increased substantially. This means that the move can 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Ashoka Metcast ( (ASHOKAMET) ) 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 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 weakening, and bulls are picking up momentum!

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

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

Stock of Ashoka Metcast is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 27.44 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 positive

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