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Stock analysis Ashapura Minechem Limited ASHAPURMIN

More indepth analysis on MunafaSutra.com

Moving Averages for Ashapura Minechem Limited

  • 5Day Average: 336.83
  • 12Day Average: 352.03
  • 20Day Average: 352.83
  • 50Day Average: 389.84
  • 100Day Average: 298.11
  • 150Day Average: 243.58
  • 200Day Average: 211.41

ASHAPURMIN Indicators & signals

Indicator MACD (12,26,9)

347.78, 359.13, -9.89
Indicator MACD is in negative zone

Indicator ADX (14)

14.66, 23.17, 31.14
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 45
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
23 Tue Apr 2024 337.95 336.30 to 349.90 -2.5% 0.51 times
22 Mon Apr 2024 346.60 339.75 to 348.00 4.57% 1.77 times
19 Fri Apr 2024 331.45 325.95 to 332.80 -0.88% 0.33 times
18 Thu Apr 2024 334.40 331.15 to 340.95 0.19% 0.47 times
16 Tue Apr 2024 333.75 327.10 to 341.90 -0.83% 0.52 times
15 Mon Apr 2024 336.55 328.05 to 345.05 -7.21% 0.56 times
02 Tue Apr 2024 362.70 362.70 to 394.25 -4.99% 1.51 times
01 Mon Apr 2024 381.75 370.80 to 389.65 1.54% 0.67 times
28 Thu Mar 2024 375.95 365.00 to 384.90 2.15% 1.16 times
27 Wed Mar 2024 368.05 361.65 to 384.60 0.48% 2.63 times
26 Tue Mar 2024 366.30 364.65 to 366.30 4.99% 0.4 times
22 Fri Mar 2024 348.90 337.80 to 348.90 5% 0.46 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, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Ashapura Minechem Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 332.3 as stoploss in an intra day buy trade for a target of 355.52. However, stock will show a bearish move below 332.3.

More indepth analysis on MunafaSutra.com