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Technicals for Asahi India Glass Limited
By MusingTheNews
2025-10-17 20:23
Overall Technical outlook
Price Summary
On 2025-10-16, Asahi India Glass Limited's stock started at 903.85, soared to 951.0, dropped to 899.55, and finished the day 1.09% higher at 913.7, with a trading volume of 1198390 shares. During the past 52 weeks, the highest stock price was 916.75, and the lowest was 579.35.
Technicals
Support and Resistance: The current price of 913.7 for ASAHIINDIA is supported at 909.65 and faces resistance at 909.65. These levels indicate that 909.65 could act as a floor, while 909.65 might limit any further price increases. Support/Resistance for ASAHIINDIA
Aroon: The AROON indicator points to a robust bullish trend for Asahi India Glass Limited, with the Aroon Up rising and the Aroon Oscillator reversing. This suggests a potential upward trend reversal, indicating that market sentiment is becoming more positive. Investors may anticipate continued upward movement, with the market likely to experience further gains. Aroon chart for Asahi India Glass Limited
Bol. Bands: The BOLL BANDS is currently in a neutral position for Asahi India Glass Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. Bolinger Bands chart for Asahi India Glass Limited
Parabolic SAR: The PSAR remains bullish, establishing a key support level that could help uphold the market's upward trajectory. This persistent bullish outlook suggests that the market may continue to rise, with the support providing a foundation for further gains. Parabolic Stop and Reverse chart for Asahi India Glass Limited
Stochastic: The current state of the STOCHASTIC is neutral for ASAHIINDIA, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Stochastic chart for Asahi India Glass Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are aligned bearishly, signaling a downtrend. However, the slopes of the 20 and 50 SMAs are starting to waver, indicating that this bearish momentum might be losing strength. This could suggest an upcoming shift towards bullish price action, as the market's current downward trend may be approaching a reversal, potentially leading to a new upward move. Tripple SMA chart for Asahi India Glass Limited
To make the most of a company's technical analysis, it's important to start with an understanding of its fundamentals. These include profitability, cash flow, and competitive positioning. Additionally, the industry in which the company operates plays a critical role, as trends and external factors can influence its market performance. By considering both the company's internal fundamentals and the external industry environment, more meaningful and accurate conclusions can be drawn from the technical data.
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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