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AMIC Forging Ltd

AMIC.BO Technical Analysis Summary (BSE)

Analyze AMIC.BO on the BSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

AMIC.BO●BSE
IndustrialsManufacturing - Metal Fabrication
₹2390.50
₹93.90(4.09%)
Indian Market opens in 12h 46m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

AMIC.BO Technical Analysis Summary (BSE)

AMIC Forging Ltd (BSE: AMIC.BO) stock currently shows a bullish trend on the BSE, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 65.16)
Trend Strength:Strong (ADX: 38.38)
Volatility:Medium (ATR: 85.78)
Support/Resistance:$1821.29 – $2452.25 (Bollinger Bands)

Technical conditions suggest AMIC Forging Ltd on the BSE is awaiting a decisive move. Overall, AMIC Forging Ltd remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 65.16

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 79.36

Bullish
Buying momentum building without extremes.

Williams %R: -24.55

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 18.28

Strongly Bullish
Strong upside momentum.

Takeaway:AMIC Forging Ltd shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 108.14

Bullish
Bullish, trend momentum is strengthening.

ADX: 38.38

Strong
Strong trend, momentum well established.

ATR (14): 85.78

Rising
Rising volatility, market activity increasing.

CCI (14): 61.93

Bullish
Bullish, momentum building upward.

Takeaway:AMIC Forging Ltd shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$2452.25
Middle Band (SMA 20)
$2136.77
Lower Band
$1821.29
Current Position
Within Bands

Takeaway:AMIC Forging Ltd trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$2341.85
Middle Line (EMA 20)
$2170.29
Lower Channel
$1998.74
Squeeze Status
No Squeeze

Takeaway:AMIC Forging Ltd trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume2.04M
Money Flow Index88.94Bearish risk, overbought conditions may trigger pullback.
Relative Vigor Index73.12Bullish, price momentum strongly favors buyers.

Overall Takeaway:AMIC.BO shows overheated money flow, with risk of pullback from overbought conditions.

Technical Trading Signals Summary
Based on the current technical analysis of AMIC Forging Ltd (BSE: AMIC.BO), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

Bearish Signals

MFI above 80 → overbought conditions may limit upside.

Overall Recommendation:AMIC Forging Ltd currently shows a Buy with caution signal — momentum and trend strength are positive, but price is close to resistance and may face short-term pullbacks.

(BSE: AMIC.BO) Technical Analysis FAQ