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AI Analysis of ASAHIINDIA.BO
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Red day on Friday for Asahi India Glass Limited
(Updated on May 03, 2024)

Buy or Hold candidate since Apr 23, 2024 Gain 0.02% PDF

The Asahi India Glass Limited stock price fell by -0.256% on the last day (Friday, 3rd May 2024) from ₹604.70 to ₹603.15. During the last trading day the stock fluctuated 2.21% from a day low at ₹596.70 to a day high of ₹609.90. The price has been going up and down for this period, and there has been a 4.8% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 3 thousand shares were bought and sold for approximately ₹1.71 million.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹612.39 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 13.73% during the next 3 months and, with a 90% probability hold a price between ₹617.49 and ₹696.45 at the end of this 3-month period.

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ASAHIINDIA.BO Signals & Forecast

The Asahi India Glass Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹603.11 and ₹560.87. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -0.667%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Asahi India Glass Limited stock

Asahi India Glass Limited finds support from accumulated volume at ₹599.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹13.20 between high and low, or 2.21%. For the last week, the stock has had daily average volatility of 2.34%.

Our recommended stop-loss: ₹578.46 (-4.09%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (ASAHIINDIA.BO) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Asahi India Glass Limited to open at ₹603.25, and during the day (based on 14 day Average True Range), to move between ₹585.07 and ₹621.23, which gives a possible trading interval of +/-₹18.08 (+/-3.00%) up or down from last closing price. If Asahi India Glass Limited takes out the full calculated possible swing range there will be an estimated 5.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹603.95 (0.13%) than the support at ₹599.10 (0.67%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Earnings coming up

Asahi India Glass Limited will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Asahi India Glass Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.20% in the first trading day after earnings release.

Is Asahi India Glass Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Asahi India Glass Limited stock to perform well in the short-term.

Current score: 3.340 Buy Candidate Unchanged

Predicted Opening Price for Asahi India Glass Limited of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
₹603.25 ( 0.0166%) ₹603.15

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ASAHIINDIA.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 616.45 2.21 %
R2 611.41 1.37 %
R1 608.29 0.85 %
Current price: 603.15
Support S1 598.21 -0.82 %
S2 595.09 -1.34 %
S3 590.05 -2.17 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 607.20 0.671 %
R2 604.70 0.257 %
R1 603.95 0.133 %
Current price 603.15
Support S1 599.10 -0.671%
S2 596.05 -1.18%
S3 536.95 -10.98%

ASAHIINDIA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 11, 2023 Sep 11, 2023 Oct 18, 2023 ₹2.00 0.352%
2 Aug 02, 2017 Aug 02, 2017 Sep 09, 2017 ₹1.00 0.259%
3 Aug 04, 2016 Aug 04, 2016 Aug 04, 2016 ₹0.600 0.330%
4 Mar 22, 2007 Mar 22, 2007 Mar 22, 2007 ₹0.650 0.542%
5 Jul 21, 2006 Jul 21, 2006 Jul 21, 2006 ₹0.600 0.747%

FAQ

What is the symbol for Asahi India Glass Limited Stock and on which exchange is it traded?
The symbol for Asahi India Glass Limited is ASAHIINDIA.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Asahi India Glass Limited Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Asahi India Glass Limited stock to perform well in the short-term.

How to buy Asahi India Glass Limited Stock?
Asahi India Glass Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Asahi India Glass Limited Stock.

What's the current price of Asahi India Glass Limited Stock?
As of the end of day on the May 03, 2024, the price of an Asahi India Glass Limited (ASAHIINDIA.BO) share was ₹603.15.

What is the 52-week high and low for Asahi India Glass Limited Stock?
The 52-week high for Asahi India Glass Limited Stock is ₹651.20 and the 52-week low is ₹445.45.

What is the market capitalization of Asahi India Glass Limited Stock?
As of the May 03, 2024, the market capitalization of Asahi India Glass Limited is 146.62B.

When is the next earnings date for Asahi India Glass Limited?
The upcoming earnings date for Asahi India Glass Limited is May 13, 2024.
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