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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 2024-06-11 View latest technical analysis

10 day averaged volume of Ashoka Metcast is 799958

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	20.39	20.51	21.39	20.39	0.871 times
10 Mon Jun 2024	21.47	21.47	21.47	21.47	0.294 times
07 Fri Jun 2024	22.60	21.65	22.65	21.60	0.941 times
06 Thu Jun 2024	21.60	20.60	21.90	20.15	2.084 times
05 Wed Jun 2024	20.90	20.90	21.50	20.90	0.171 times
04 Tue Jun 2024	22.00	22.90	22.90	22.00	0.209 times
03 Mon Jun 2024	23.15	25.00	25.55	23.15	2.366 times
31 Fri May 2024	24.35	23.45	24.35	22.30	1.543 times
30 Thu May 2024	22.15	22.15	22.15	21.70	1.387 times
29 Wed May 2024	20.15	20.15	20.15	19.00	0.945 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 19.7 as stoploss in an intra day buy trade for a target of 24.2. However, stock will show a bearish move below 19.7.

Share price targets for Ashoka Metcast (ASHOKAMET)

Target Type	Value
Downside Target	18.00
Downside Target	18.95
Downside Target	20.15
Upside Target	21.47
Upside Target	21.95
Upside Target	24.15
Upside Target	25.55
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	20.03
Downside Intraday Target	19.67
Upside Intraday Target	21.11
Upside Intraday Target	21.83
Upside Intraday Target	20.75

Weekly technical analysis of Ashoka Metcast (ASHOKAMET)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	20.39	21.47	21.47	20.39	0.202 times
07 Fri Jun 2024	22.60	25.00	25.55	20.15	1.421 times
31 Fri May 2024	24.35	18.80	24.35	18.00	2.813 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

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
11 Tue Jun 2024	20.39	25.00	25.55	20.15	1.708 times
31 Fri May 2024	24.35	18.80	24.35	18.00	2.813 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

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 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 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 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 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 gaining momentum.

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

Ashoka Metcast Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 Ashoka Metcast in short term and SELL signal is strong!

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 22.26 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 is giving positive 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.