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

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

Showing technical analysis as on 2024-11-13 View latest technical analysis

10 day averaged volume of Ashoka Metcast is 61314

Date	Daily Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	23.66	23.66	23.66	23.66	0.441 times
12 Tue Nov 2024	24.15	24.15	24.15	24.15	0.698 times
11 Mon Nov 2024	24.65	25.00	25.00	24.65	0.488 times
08 Fri Nov 2024	25.16	25.63	25.63	25.16	0.369 times
07 Thu Nov 2024	25.63	26.00	26.00	25.63	0.435 times
06 Wed Nov 2024	26.16	26.16	26.16	26.16	0.781 times
05 Tue Nov 2024	26.70	26.70	26.70	26.70	0.288 times
04 Mon Nov 2024	27.25	29.00	29.00	26.86	1.286 times
01 Fri Nov 2024	28.26	28.59	28.60	27.60	1.697 times
31 Thu Oct 2024	27.60	27.44	27.77	26.00	2.355 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 24.6, but if it comes above 24.6, then a intra day buy could be more profitable.
If you take a sell trade below 24.6, then use 24.6 as stoploss and 22.9 as target. However if you take a buy trade in stock , then use 24.6 as stoploss and 26.11 as target.

Share price targets for Ashoka Metcast (ASHOKAMET_BE)

Target Type	Value
Downside Target	17.00
Downside Target	18.05
Downside Target	18.80
Downside Target	21.70
Downside Target	22.40
Downside Target	23.21
Upside Target	25.00
Upside Target	27.17
Upside Target	27.80
Upside Target	28.60
Upside Target	29.00
Upside Target	29.80
Upside Target	30.60

Intraday share price targets for Ashoka Metcast (ASHOKAMET_BE)

Target Type	Value
Downside Intraday Target	23.21
Downside Intraday Target	22.77
Upside Intraday Target	24.55
Upside Intraday Target	25.45
Upside Intraday Target	24.11

Weekly technical analysis of Ashoka Metcast (ASHOKAMET_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	23.66	25.00	25.00	23.66	0.515 times
08 Fri Nov 2024	25.16	29.00	29.00	25.16	0.34 times
01 Fri Nov 2024	28.26	24.50	28.60	23.21	0.591 times
25 Fri Oct 2024	24.44	26.90	29.80	23.99	2.441 times
18 Fri Oct 2024	27.17	30.12	30.60	27.17	1.69 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	23.66	28.59	29.00	23.66	0.217 times
31 Thu Oct 2024	27.60	30.12	30.60	23.21	1.666 times
24 Fri May 2024	19.40	18.80	22.40	18.80	3.054 times
30 Tue Apr 2024	18.75	18.50	21.70	18.05	0.093 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_BE)

Price action analysis of Ashoka Metcast ( (ASHOKAMET_BE) ) 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_BE) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Ashoka Metcast ( (ASHOKAMET_BE) ) 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 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 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 green color and prices are in or below the green 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 26.69 and Ashoka Metcast (ASHOKAMET_BE) 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_BE) stock. Volume based technical analysis of Ashoka Metcast (ASHOKAMET_BE) 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.