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Stock analysis Ashapura Minechem Limited ASHAPURMIN

More indepth analysis on MunafaSutra.com

Moving Averages for Ashapura Minechem Limited

  • 5Day Average: 489.16
  • 12Day Average: 503.35
  • 20Day Average: 480.56
  • 50Day Average: 427.98
  • 100Day Average: 356.44
  • 150Day Average: 355.19
  • 200Day Average: 357.53

ASHAPURMIN Indicators & signals

Indicator MACD (12,26,9)

490.08, 467.81, 28.19
Indicator MACD is in positive zone

Indicator ADX (14)

8.32, 27.25, 23.06
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 57
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
30 Thu Jan 2025 473.15 462.00 to 500.80 -2.11% 0.6 times
29 Wed Jan 2025 483.35 450.10 to 494.00 2.58% 0.99 times
28 Tue Jan 2025 471.20 471.20 to 477.95 -5% 0.27 times
27 Mon Jan 2025 496.00 496.00 to 519.05 -5% 0.48 times
24 Fri Jan 2025 522.10 516.65 to 557.75 -3.99% 0.45 times
23 Thu Jan 2025 543.80 531.40 to 563.30 1.36% 0.62 times
22 Wed Jan 2025 536.50 521.50 to 550.00 -0.27% 0.7 times
21 Tue Jan 2025 537.95 535.00 to 564.70 -1% 1 times
20 Mon Jan 2025 543.40 522.45 to 571.55 4.58% 2.8 times
17 Fri Jan 2025 519.60 472.40 to 519.60 9.99% 1.89 times
16 Thu Jan 2025 472.40 445.45 to 481.40 7.18% 0.8 times
15 Wed Jan 2025 440.75 436.45 to 452.60 0.93% 0.52 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, and stock might move down till 437.7 or till 389.2. Use a stoploss of 478.15 and if the stock hits stoploss, then it can shoot up till 518.57

More indepth analysis on MunafaSutra.com