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Stock analysis Ashapura Minechem Limited ASHAPURMIN

More indepth analysis on MunafaSutra.com

Moving Averages for Ashapura Minechem Limited

  • 5Day Average: 358.28
  • 12Day Average: 367.75
  • 20Day Average: 367.04
  • 50Day Average: 365.18
  • 100Day Average: 408.51
  • 150Day Average: 367.73
  • 200Day Average: 360.7

ASHAPURMIN Indicators & signals

Indicator MACD (12,26,9)

363.34, 365.43, -0.03
Indicator MACD is in negative zone

Indicator ADX (14)

2.51, 23.89, 25.13
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ASHAPURMIN Ashapura Minechem Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
29 Tue Apr 2025 346.85 342.45 to 359.90 -0.33% 1.15 times
28 Mon Apr 2025 348.00 346.00 to 355.45 -1.19% 0.7 times
25 Fri Apr 2025 352.20 352.20 to 371.85 -4.99% 1.16 times
24 Thu Apr 2025 370.70 367.80 to 376.15 -0.79% 0.72 times
23 Wed Apr 2025 373.65 368.00 to 388.00 -2.97% 1.04 times
22 Tue Apr 2025 385.10 381.35 to 395.00 -0.3% 0.62 times
21 Mon Apr 2025 386.25 377.95 to 398.95 0.19% 1.12 times
17 Thu Apr 2025 385.50 380.80 to 399.00 -2% 1.5 times
16 Wed Apr 2025 393.35 377.95 to 393.35 4.99% 1.36 times
15 Tue Apr 2025 374.65 365.75 to 374.65 4.99% 1.18 times
11 Fri Apr 2025 356.85 346.45 to 356.85 4.99% 0.6 times
09 Wed Apr 2025 339.90 334.05 to 344.50 -1.21% 0.63 times

Technical analysis forecast for Ashapura Minechem Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Ashapura Minechem Limited ASHAPURMIN at this time. Stock is falling and might fall more.

It appears as if Ashapura Minechem Limited ASHAPURMIN gave a large move recently.

Stock of Ashapura Minechem Limited (ASHAPURMIN) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Ashapura Minechem Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Ashapura Minechem Limited stays below 347.9, but if it comes above 347.9, then a intra day buy could be more profitable.
If you take a sell trade below 347.9, then use 347.9 as stoploss and 328.1 as target. However if you take a buy trade in Ashapura Minechem Limited, then use 347.9 as stoploss and 364.28 as target.

More indepth analysis on MunafaSutra.com