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Stock analysis Ashoka Metcast Limited ASHOKAMET

More indepth analysis on MunafaSutra.com

Moving Averages for Ashoka Metcast Limited

  • 5Day Average: 28.69
  • 12Day Average: 23.96
  • 20Day Average: 22.35
  • 50Day Average: 20.75
  • 100Day Average: 20.54
  • 150Day Average: 21.08

ASHOKAMET Indicators & signals

Indicator MACD (12,26,9)

25.42, 22.97, 1.2
Indicator MACD is in positive zone

Indicator ADX (14)

80, 50, 5.56
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 67
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ASHOKAMET Ashoka Metcast Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
16 Wed Oct 2024 30.12 29.86 to 32.50 -6.81% 0.72 times
15 Tue Oct 2024 32.32 29.51 to 35.25 0.84% 4.41 times
14 Mon Oct 2024 32.05 29.50 to 32.05 19.99% 2.22 times
11 Fri Oct 2024 26.71 25.80 to 26.71 19.99% 1.57 times
10 Thu Oct 2024 22.26 20.66 to 24.64 8.37% 1.49 times
09 Wed Oct 2024 20.54 20.05 to 20.85 2.29% 0.04 times
08 Tue Oct 2024 20.08 19.27 to 20.21 1.62% 0.02 times
07 Mon Oct 2024 19.76 19.55 to 21.00 -4.08% 0.02 times
04 Fri Oct 2024 20.60 20.50 to 21.10 -1.29% 0.05 times
03 Thu Oct 2024 20.87 20.31 to 21.80 -2.57% 0.1 times
01 Tue Oct 2024 21.42 21.00 to 21.65 2.83% 0.08 times
30 Mon Sep 2024 20.83 19.74 to 21.55 2.81% 0.16 times

Technical analysis forecast of Ashoka Metcast Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Ashoka Metcast Limited ASHOKAMET at this time. Stock is rising and might rise more.

It appears as if Ashoka Metcast Limited ASHOKAMET gave a large move recently.

Stock of Ashoka Metcast Limited (ASHOKAMET) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Ashoka Metcast Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Ashoka Metcast Limited stays above 27.9, but if it comes below 27.9, then a intra day sell could be more profitable.
If you take a sell trade below 27.9, then use 27.9 as stoploss and 23.71 as target. However if you take a buy trade in Ashoka Metcast Limited, then use 27.9 as stoploss and 32.8 as target.

More indepth analysis on MunafaSutra.com