ASHOKAMET · Industrials · 2026-08-28

Ashoka Metcast Ltd

Stage 4 · wk 7In scan: Breakout WatchMARKET: WEAK RECOVERING · 2026-08-28
₹13.7
+1.04% today
₹34 Cr · Micro cap
About this companyIndustrials· Commodities Trading
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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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P/E (TTM)
2.6
Forward —
ROE
+8.6%
Profit margin +28.9%
vs 52W High
-28.5%
₹12.2 lo₹19.1 hi
28.5% below 52W high — ongoing decline
In Stage 4, distance from the 52W high reflects ongoing decline — not a discount. Avoid catching falling knives.
Stage Maturity
Week 7
1w13w26w
Week 7 — early Stage 4 decline
How long this stock has been in Stage 4 decline. The longer the downtrend, the more entrenched the selling pressure — there's no 'bottom' time to buy.
vs 200 DMA
-9.2%
200 DMA: ₹15 · sloping down
In Stage 4, the stock is below its 200 DMA — the hallmark of a downtrend. No long positions warranted until this reverses structurally.
Rel Volume
1.38x
vs 50-day avg
High volume on down days in Stage 4 confirms institutional selling. Low volume bounces are typical — they lack real buyers and should not be mistaken for reversals.
Trend Health
↓
MA20 rolling over · -2.1% vs MA50 -4.4%
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.
Sector
Industrials
↓ Peaking
Stage 2%
33.3%
20d Δ
-2.8pp
1M return
+5.0%
3M return
+8.3%
Sector Stage-2 % · last 20 days
Sector has 160 Stage 2 leaders. See Industrials Stage 2 →
Industry
Commodities Trading
→ Flat
Stage 2%
21.4%
20d Δ
+0.0pp
1M return
+4.1%
3M return
+9.3%
Industry Stage-2 % · last 20 days
Industry has 3 Stage 2 leaders. See Commodities Trading Stage 2 →
Price + Volume Chart
Loading price chart…
Stage Cycle Timeline2023-06-27 → 2026-08-28
S? 43w
S4 16w
S4 42w
2023-06-272026-08-28
S1S2S3S4Setup score (0–10, dashed line at 5)
S? 43w → 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 7w current
Total tracked: 164 weeks across 15 stage runs.
1M
-4.5%
3M
-12.7%
6M
-12.0%
YTD
-13.4%
1Y
-21.0%
Scan Membership
Breakout Watch
Latest: 2026-06-15
2 appearances in last 60 days. First seen: 2024-10-29.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-08-28S4
Wk 7 · Vol —x
2026-08-27S4
Wk 7 · Vol —x
2026-08-26S4
Wk 7 · Vol —x
2026-08-25S4
Wk 7 · Vol —x
2026-08-24S4
Wk 6 · Vol —x
2026-08-21S4
Wk 6 · Vol —x
2026-08-20S4
Wk 6 · Vol —x
2026-08-19S4
Wk 6 · Vol —x
2026-08-18S4
Wk 6 · Vol —x
2026-08-17S4
Wk 5 · Vol —x
2026-08-14S4
Wk 5 · Vol —x
2026-08-13S4
Wk 5 · Vol —x
Sector Peers — Stage 2All →
RATNAVEER
wk 16 · 0.0% from hi
10.0
MARINE
wk 14 · 0.0% from hi
10.0
UNIVCABLES
wk 16 · -3.0% from hi
9.4
MODISONLTD
wk 14 · -0.5% from hi
9.3
APARINDS
wk 27 · -1.1% from hi
9.3
Moving averages & range
50 DMA
₹14.3
200 DMA
₹15
52W High
₹19.1
52W Low
₹12.2
5D Low
₹13.5
Resistance levels (recent highs)
20d High
₹14.2
60d High
₹15.6
120d High
₹17.2
250d High
₹19.1
Next resistance
+4.2%
to 20d High

All analytics based on EOD data. Data as of 2026-08-28. Past data patterns are not indicative of future results. This page is a data analytics tool only.