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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 2024-08-06 View latest technical analysis

10 day averaged volume of Ashoka Metcast is 89045

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	18.74	19.03	19.60	18.37	0.742 times
05 Mon Aug 2024	19.03	19.20	20.04	19.01	1.337 times
02 Fri Aug 2024	20.02	19.28	20.64	19.28	0.818 times
01 Thu Aug 2024	19.87	20.40	20.70	19.85	1.086 times
31 Wed Jul 2024	20.25	19.55	20.47	19.55	1.103 times
30 Tue Jul 2024	19.94	20.18	20.18	19.38	0.808 times
29 Mon Jul 2024	19.67	20.44	20.44	19.60	1.037 times
26 Fri Jul 2024	19.93	19.70	20.40	19.50	1.039 times
25 Thu Jul 2024	19.43	19.70	19.71	19.36	0.508 times
24 Wed Jul 2024	19.43	19.21	19.58	19.21	0.575 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 18.8, for a target of 19.3 or 19.76

Share price targets for Ashoka Metcast (ASHOKAMET)

Target Type	Value
Downside Target	18.00
Downside Target	18.37
Upside Target	18.79
Upside Target	19.80
Upside Target	20.70
Upside Target	21.45
Upside Target	24.35
Upside Target	25.55
Upside Target	30.10
Upside Target	35.70

Intraday share price targets for Ashoka Metcast (ASHOKAMET)

Target Type	Value
Downside Intraday Target	18.06
Downside Intraday Target	17.38
Upside Intraday Target	19.73
Upside Intraday Target	20.72
Upside Intraday Target	19.05

Weekly technical analysis of Ashoka Metcast (ASHOKAMET)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	18.74	19.20	20.04	18.37	0.428 times
02 Fri Aug 2024	20.02	20.44	20.70	19.28	1.076 times
26 Fri Jul 2024	19.93	19.46	20.40	19.01	1.277 times
19 Fri Jul 2024	19.46	20.06	20.44	19.21	0.688 times
12 Fri Jul 2024	20.18	20.50	21.45	19.80	0.819 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
06 Tue Aug 2024	18.74	20.40	20.70	18.37	0.178 times
31 Wed Jul 2024	20.25	20.49	21.45	19.01	0.199 times
28 Fri Jun 2024	20.05	25.00	25.55	18.79	3.086 times
31 Fri May 2024	24.35	18.80	24.35	18.00	2.813 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 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 term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Ashoka Metcast ( (ASHOKAMET) ) based on a short to mid 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 mid to longer 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

ADX buy sell signal for Ashoka Metcast stock for short term is SELL. Signal strength is Strong 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 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 Ashoka Metcast 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 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 19.65 and Ashoka Metcast (ASHOKAMET) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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.