ASHOKAMET_BE NEWS why is Ashoka Metcast Limited price falling or rising

ASHOKAMET_BE NEWS reasons for why stock price of Ashoka Metcast Limited is falling or rising

ASHOKAMET_BE Ashoka Metcast is falling or rising technical reasons

Technical analysis forecast for Ashoka Metcast 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 Ashoka Metcast ASHOKAMET_BE at this time. Stock is falling and might fall more.

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

Stock of Ashoka Metcast (ASHOKAMET_BE) 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 Ashoka Metcast is bearish for shortterm, and stock might move down till 20.5 or till 18.9. Use a stoploss of 21.86 and if the stock hits stoploss, then it can shoot up till 23.21

ASHOKAMET_BE Ashoka Metcast is falling or rising NEWS fundamental reasons

More announcements and NEWS

ASHOKAMET_BE Ashoka Metcast Limited current price & indicator signals

Moving Averages for Ashoka Metcast Limited

  • 5Day Average: 20.67
  • 12Day Average: 21.3
  • 20Day Average: 22.15
  • 50Day Average: 23.16
  • 100Day Average: 22.61
  • 150Day Average: 23.08
  • 200Day Average: 22.67

ASHOKAMET_BE Indicators & signals

Indicator MACD (12,26,9)

21.35, 22.14, -0.72
Indicator MACD is in negative zone

Indicator ADX (14)

23.81, 14.55, 23.64
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 50
Indicator RSI is indicating buying momentum and stock might rise.

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

Date Close Range Change % Volume
17 Fri Jan 2025 21.62 20.70 to 21.97 2.51% 0.66 times
16 Thu Jan 2025 21.09 20.01 to 21.49 2.33% 0.97 times
15 Wed Jan 2025 20.61 19.78 to 20.78 2.79% 0.35 times
14 Tue Jan 2025 20.05 18.97 to 20.39 0.4% 2.01 times
13 Mon Jan 2025 19.97 19.61 to 20.70 0% 1.04 times
13 Mon Jan 2025 19.97 19.61 to 20.70 -3.01% 1.04 times
10 Fri Jan 2025 20.59 20.51 to 21.40 -4.63% 1.32 times
09 Thu Jan 2025 21.59 21.05 to 22.00 -0.83% 0.6 times
08 Wed Jan 2025 21.77 21.20 to 22.38 -1.8% 0.46 times
07 Tue Jan 2025 22.17 22.01 to 22.65 -2.12% 0.59 times
06 Mon Jan 2025 22.65 22.30 to 23.90 -3.53% 1.64 times
03 Fri Jan 2025 23.48 23.03 to 23.84 -0.3% 0.83 times

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