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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 2024-05-02 View latest technical analysis

10 day averaged volume of Ashoka Metcast is 10447

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	19.10	18.80	19.10	18.80	0.881 times
30 Tue Apr 2024	18.75	18.40	18.75	18.40	0.395 times
29 Mon Apr 2024	18.40	18.20	18.40	18.20	0.991 times
26 Fri Apr 2024	18.20	18.15	18.20	18.15	0.756 times
25 Thu Apr 2024	18.15	18.35	18.35	18.15	1.506 times
24 Wed Apr 2024	18.50	18.65	18.65	18.50	0.955 times
23 Tue Apr 2024	18.70	18.95	18.95	18.70	0.507 times
22 Mon Apr 2024	18.95	18.95	18.95	18.90	1.345 times
19 Fri Apr 2024	18.95	19.00	19.00	18.95	1.096 times
18 Thu Apr 2024	19.30	19.55	19.55	19.30	1.735 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 18.6 as stoploss in an intra day buy trade for a target of 19.65. However, stock will show a bearish move below 18.6.

Share price targets for Ashoka Metcast (ASHOKAMET_BE)

Target Type	Value
Downside Target	17.00
Downside Target	18.05
Downside Target	18.80
Upside Target	20.00
Upside Target	21.40
Upside Target	21.70
Upside Target	22.30
Upside Target	24.05
Upside Target	27.80
Upside Target	28.00
Upside Target	33.40

Intraday share price targets for Ashoka Metcast (ASHOKAMET_BE)

Target Type	Value
Downside Intraday Target	18.5
Downside Intraday Target	17.9
Upside Intraday Target	19.4
Upside Intraday Target	19.7
Downside Intraday Target	18.8

Weekly technical analysis of Ashoka Metcast (ASHOKAMET_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	19.10	18.20	19.10	18.20	0.447 times
26 Fri Apr 2024	18.20	18.95	18.95	18.15	1.275 times
19 Fri Apr 2024	18.95	20.00	20.00	18.95	0.632 times
12 Fri Apr 2024	20.15	21.30	21.40	20.15	0.356 times
05 Fri Apr 2024	21.30	18.50	21.70	18.05	0.692 times

Price has moved up 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
02 Thu May 2024	19.10	18.80	19.10	18.80	0.026 times
30 Tue Apr 2024	18.75	18.50	21.70	18.05	0.093 times
28 Thu Mar 2024	18.05	25.10	27.80	17.00	1.71 times
29 Thu Feb 2024	23.95	28.00	28.00	22.30	1.612 times

Scroll below to view daily charts

Price has moved up 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 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 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_BE) ) 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_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 losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 and BUY signal is strong.

RSI is generating a BUY signal in short term but buying 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 18.73 and Ashoka Metcast (ASHOKAMET_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 negative.

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