Automotive Axles Limited is in a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. The price has also broken a resistance level in the short term and given a positive signal for the short- term trading range.
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There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 2040 rupee. Volume has previously been high at price tops and low at price bottoms. This strengthens the trend. The stock is overall assessed as technically positive for the medium long term.