RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ASHOKA.BO
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Stronger technical forecast for Ashoka Buildcon Limited stock price after Thursday trading.
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The Ashoka Buildcon Limited stock price fell by -1.79% on the last day (Thursday, 28th Mar 2024) from ₹159.50 to ₹156.65. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.81% from a day low at ₹156.00 to a day high of ₹161.95. The price has been going up and down for this period, and there has been a 7.63% 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 -35 thousand shares and in total, 74 thousand shares were bought and sold for approximately ₹11.58 million.

The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹147.93 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.93% during the next 3 months and, with a 90% probability hold a price between ₹159.67 and ₹217.06 at the end of this 3-month period.

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ASHOKA.BO Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 7.63%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ashoka Buildcon Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹158.90 and ₹170.31. A break-up above any of these levels will issue buy signals. 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 Ashoka Buildcon Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹146.20 and ₹145.55. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ashoka Buildcon Limited finds support just below today's level at ₹146.20. If this is broken, then the next support from accumulated volume will be at ₹145.55 and ₹142.75.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹5.95 between high and low, or 3.81%. For the last week, the stock has had daily average volatility of 3.26%.

Our recommended stop-loss: ₹149.36 (-4.65%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (ASHOKA.BO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ashoka Buildcon Limited to open at ₹158.20, and during the day (based on 14 day Average True Range), to move between ₹148.14 and ₹165.16, which gives a possible trading interval of +/-₹8.51 (+/-5.43%) up or down from last closing price. If Ashoka Buildcon Limited takes out the full calculated possible swing range there will be an estimated 10.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹161.55 (3.13%) than the support at ₹146.20 (6.67%), 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.

Is Ashoka Buildcon Limited stock A Buy?

Ashoka Buildcon Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.845 Hold/Accumulate Upgraded

Predicted Opening Price for Ashoka Buildcon Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹158.20 ( 0.99%) ₹156.65

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

Trading levels for ASHOKA.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 164.15 4.79 %
R2 161.88 3.34 %
R1 160.47 2.44 %
Current price: 156.65
Support S1 155.93 -0.461 %
S2 154.52 -1.36 %
S3 152.25 -2.81 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 172.35 10.02 %
R2 162.45 3.70 %
R1 161.55 3.13 %
Current price 156.65
Support S1 146.20 -6.67%
S2 145.55 -7.09%
S3 142.75 -8.87%

FAQ

What is the symbol for Ashoka Buildcon Limited Stock and on which exchange is it traded?
The symbol for Ashoka Buildcon Limited is ASHOKA.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Ashoka Buildcon Limited Stock?
Ashoka Buildcon Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Ashoka Buildcon Limited Stock?
Ashoka Buildcon 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 Ashoka Buildcon Limited Stock.

What's the current price of Ashoka Buildcon Limited Stock?
As of the end of day on the 2024-03-28, the price of an Ashoka Buildcon Limited (ASHOKA.BO) share was ₹156.65.

What is the 52-week high and low for Ashoka Buildcon Limited Stock?
The 52-week high for Ashoka Buildcon Limited Stock is ₹195.55 and the 52-week low is ₹71.30.

When is the next earnings date for Ashoka Buildcon Limited?
The upcoming earnings date for Ashoka Buildcon Limited is May 22, 2024.
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