Ashoka Metcast Ltd

Stage 1 · Basing · week 2

As of 16 Oct 2026, Ashoka Metcast is in Stage 1 — basing, not yet in an uptrend, in week 2 (since 5 Oct 2026). It closed at ₹15.43, 10.3% below its 52-week high and above its 200-day average, which is falling. In Industrials, 26.3% of stocks are in Stage 2.

Ashoka Metcast Limited engages in the trading of steel, goods, and other products in India. More about the company

₹15.4
-1.41% today
₹39 Cr · Micro cap
Market Neutral — FadingIndustrials 26.3% in Stage 2-1.5 pts / 20dCommodities Trading 28.6%+7.1 pts

Pro read

Pro

Our read

Basing — not in an uptrend yet

Setup score

—

Momentum

Steady

Edge

—

Is ASHOKAMET early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
Loading price chart…
vs 52W High
-10.3%
₹12.2 lo₹17.2 hi
10.3% below 52W high — pullback range
Stock is basing below old highs. A volume-backed breakout to new highs would be the Stage 2 signal to watch.
Stage Maturity
Week 2
1w13w26w
Week 2 — early base, needs time
How long this stock has been basing. Longer bases can produce stronger breakouts — but don't anticipate, wait for the breakout.
vs 200 DMA
4.0%
200 DMA: ₹14.8 · sloping down
Stock is testing its 200 DMA as part of the base. Reclaiming and holding above it is a key Stage 2 prerequisite.
Rel Volume
2.91x
vs 50-day avg
Volume in Stage 1 basing is typically quiet. A surge in volume on an upside breakout is the signal to watch.
Trend Health
↗
MA20 gently rising · +0.6% vs MA50 +1.7%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
+6.4%
3M
+7.4%
6M
-6.4%
YTD
-2.8%
1Y
-8.6%
Sector
Industrials
↓ Peaking
Stage 2%
26.3%
20d Δ
-1.5pp
1M return
-0.9%
3M return
-2.4%
Sector Stage-2 % · last 20 days
Sector has 129 Stage 2 leaders. See Industrials Stage 2 →
Industry
Commodities Trading
↑ Building
Stage 2%
28.6%
20d Δ
+7.1pp
1M return
-7.7%
3M return
-14.3%
Industry Stage-2 % · last 20 days
Industry has 4 Stage 2 leaders. See Commodities Trading Stage 2 →
Stage Cycle Timeline2023-07-20 → 2026-10-16
S? 39w
S4 16w
S4 42w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S? 39w → S3 1w → S4 8w → S1 6w → S4 9w → S1 3w → S2 10w → S3 7w → S4 16w → S1 3w → S4 42w → S1 8w → S2 4w → S3 1w → S4 11w → S1 2w current
Total tracked: 167 weeks across 16 stage runs.
Scan Membership
Breakout Watch
Latest: 2026-06-15
2 appearances in last 60 days. First seen: 2024-10-29.
A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding — staying power in the scan says more about the trend than any single appearance.
Recent Stage Timeline
2026-10-16S1
Wk 2 · Vol 2.91x
2026-10-15S1
Wk 2 · Vol 1.70x
2026-10-14S1
Wk 2 · Vol 0.31x
2026-10-13S1
Wk 2 · Vol 0.28x
2026-10-12S1
Wk 2 · Vol 0.56x
2026-10-09S1
Wk 1 · Vol 0.11x
2026-10-08S1
Wk 1 · Vol 0.16x
2026-10-07S1
Wk 1 · Vol 0.18x
2026-10-06S1
Wk 1 · Vol 0.27x
2026-10-05S14→1
Wk 1 · Vol 0.24x
2026-10-01S4
Wk 12 · Vol 0.56x
2026-09-30S4
Wk 12 · Vol 0.19x
Sector Peers — Stage 2All →
BHAGYANGR
wk 25 · 0.0% from hi
9.8
LOKESHMACH
wk 28 · -8.0% from hi
8.9
SHIVAUM
wk 28 · 0.0% from hi
8.4
SHREEJISPG
wk 17 · 0.0% from hi
8.4
ROSSTECH
wk 31 · -6.1% from hi
8.2
Moving averages & range
50 DMA
₹14.4
200 DMA
₹14.8
52W High
₹17.2
52W Low
₹12.2
5D Low
₹14.5
Resistance levels (recent highs)
20d High
₹15.7
60d High
₹17.2
120d High
₹17.2
250d High
₹17.2
Next resistance
+1.6%
to 20d High
Ask the Market AI about ASHOKAMETAsk →
P/E (TTM)
2.6
Forward —
ROE
+8.6%
Profit margin +28.9%
About this companyIndustrials· Commodities Trading

Ashoka Metcast Limited engages in the trading of steel, goods, and other products in India. It provides thermo-mechanically treated, round, flat, mild steel, and angle bars, and steel channels. The company was incorporated in 2009 and is based in Ahmedabad, India.

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All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.