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Technicals for Asahi India Glass Limited
By MusingTheNews
2025-05-30 20:23
Overall Technical outlook
Price Summary
With a -2.24% dip, Asahi India Glass Limited enjoyed a lousy day in the stock market. On 2025-05-30, Asahi India Glass Limited's stock opened at 765.4, peaked at 773.5, hit a low of 741.0, and closed -2.24% lower at 748.25, with 222045 shares changing hands. The peak price for the stock in the past 52 weeks is 820.65, with the lowest price being 575.35.
Technicals
Support and Resistance: The current price of 748.25 is supported at 747.2, with resistance at 773.25. This suggests that the price for ASAHIINDIA might remain between these levels, where 747.2 acts as a floor and 773.25 as a ceiling in the market. Support/Resistance for ASAHIINDIA
Aroon: The AROON is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Aroon chart for Asahi India Glass Limited
Bol. Bands: The current reading of the BOLL BANDS is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Bolinger Bands chart for Asahi India Glass Limited
Parabolic SAR: The PSAR for ASAHIINDIA continues to be bullish, establishing a crucial support level that may help maintain the current upward trend. This level of support suggests that the market is poised to continue its positive trajectory, offering a foundation for further growth. Parabolic Stop and Reverse chart for Asahi India Glass Limited
Stochastic: The STOCHASTIC is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Stochastic chart for Asahi India Glass Limited
Tripple Moving Agerage: The 20, 50, and 100 period moving averages are aligned bearishly, indicating a downtrend. However, the slower SMAs are showing signs of losing momentum, hinting at a possible shift. This weakening of the bearish momentum could signal an upcoming pivot towards a bullish direction, suggesting that the market may soon experience a reversal from its current trend. Tripple SMA chart for Asahi India Glass Limited
A comprehensive approach to analyzing a company requires considering both its technical and fundamental aspects. The company's fundamentals, such as its earnings, growth prospects, and financial health, provide a strong foundation for understanding technical indicators. Additionally, examining the industry it operates in helps contextualize the company's position within the broader market. By integrating these factors, one can gain more valuable insights into the company's stock performance and potential investment opportunities.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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