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(AshokAlco) Ashok Alco complete technical analysis [charts+indicators] | Buy/Sell Ashok Alco | (AshokAlco) share price targets

Complete technical analysis of Ashok Alco (AshokAlco) by charts plus indicators, forecast predictions and share price targets for Ashok Alco (AshokAlco)

Showing technical analysis as on 2023-03-17 View latest technical analysis

10 day averaged volume of Ashok Alco is 2002

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri Mar 2023	85.00	85.00	86.75	85.00	0.641 times
16 Thu Mar 2023	84.50	85.00	86.85	83.20	0.373 times
15 Wed Mar 2023	85.37	87.00	89.90	82.20	1.608 times
14 Tue Mar 2023	85.08	83.40	87.50	83.40	0.602 times
13 Mon Mar 2023	86.90	80.80	86.90	80.80	2.875 times
10 Fri Mar 2023	86.53	86.00	87.85	86.00	0.553 times
09 Thu Mar 2023	86.53	90.45	94.99	86.01	1.451 times
08 Wed Mar 2023	87.64	88.90	88.90	87.00	0.236 times
06 Mon Mar 2023	87.35	87.00	88.95	86.00	0.346 times
03 Fri Mar 2023	87.00	87.10	89.40	86.00	0.469 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 85.4, but if it comes above 85.4, then a intra day buy could be more profitable.
If you take a sell trade below 85.4, then use 85.4 as stoploss and 83.6 as target. However if you take a buy trade in stock , then use 85.4 as stoploss and 86.91 as target.

Share price targets for Ashok Alco (AshokAlco)

Target Type	Value
Downside Target	66.60
Downside Target	68.55
Downside Target	72.10
Downside Target	77.00
Downside Target	80.50
Downside Target	83.15
Upside Target	86.00
Upside Target	88.00
Upside Target	89.80
Upside Target	90.00
Upside Target	94.99
Upside Target	105.00

Intraday share price targets for Ashok Alco (AshokAlco)

Target Type	Value
Downside Intraday Target	80.57
Downside Intraday Target	76.13
Upside Intraday Target	89.67
Upside Intraday Target	94.33
Upside Intraday Target	85.23

Weekly technical analysis of Ashok Alco (AshokAlco)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri Mar 2023	85.00	80.80	89.90	80.80	2.357 times
10 Fri Mar 2023	86.53	87.00	94.99	86.00	0.428 times
03 Fri Mar 2023	87.00	89.50	90.00	83.15	0.334 times
24 Fri Feb 2023	89.50	88.65	105.00	84.05	1.74 times
17 Fri Feb 2023	88.65	78.00	89.80	78.00	1.836 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Ashok Alco (AshokAlco)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Fri Mar 2023	85.00	86.00	94.99	80.80	0.25 times
28 Tue Feb 2023	86.00	84.00	105.00	78.00	1.757 times
31 Tue Jan 2023	82.65	75.95	88.00	72.10	0.505 times
30 Fri Dec 2022	72.95	75.90	80.50	68.55	2.218 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Ashok Alco (AshokAlco)

Price action analysis of Ashok Alco ( (AshokAlco) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Ashok Alco ( (AshokAlco) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Ashok Alco ( (AshokAlco) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Ashok Alco ( (AshokAlco) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Ashok Alco stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Ashok Alco in short term but the sell signal is initial and weak.

Ashok Alco Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Ashok Alco in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Ashok Alco is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 86.24 and Ashok Alco (AshokAlco) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Ashok Alco (AshokAlco) stock. Volume based technical analysis of Ashok Alco (AshokAlco) stock is negative.

Ashok Alco Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.