solution provider company : AIA engineering share price forecast for2015

AIA engineering share short term technical view

AIA engineering share today is trading at 953 with over 15 gains. On daily chart, stock price trend and momentum both are bearish. Stock is trading below 1 and 3 month averages with bearish and oversold indicators. For short terms, AIA engineering share support zones are 925 and 840. On upside 1080 and 1160 are strong resistances. On daily chart, 1045 is 1 month average level and 1110 is 3 month average level. Both will be target zones if technical bounce back happen. For short term long traders 920 is strict closing basis stop loss.

AIA engineering share medium term technical view

AIA engineering share this week showing losses. This will be forth losing week for this stock. In these 4 weeks period stock tumbled from highs of 1230 to lows of 925. Total 300 rupee plus or 25% plus decline in very short time. AIA engineering share weekly chart price trend and momentum both are down. Stock is trading way below major averages with oversold indicators on weekly chart. On downside 920 and 870 are strong support zones on weekly basis. If sustain below 870 then expect bear market for stock with much downside levels. On upside 1025 and 1065 are strong resistances as well as technical targets on bounce back. Expect trend reversal above 1070 level only.

AIA engineering share long term technical view

AIA engineering share in last 6 month had given negative 11% return to its investors and underperforming the market. Fundamentally stock looks good but by price it is expensive. On any major correction comes around 500-600 levels then only buy this stock with minimum 3 to 5 years view. As per my chart data, AIA engineering share all time low was at 75 rupee recorded in 2006. While all time high was at 1364 made in 2015.for long term investors targets will remain at 1200 to 1400 zones.

AIA Engineering Ltd company description

AIA Engineering Limited (AIAE) is an India-based company. The Company is a solution provider and supplier of wear resistant and allied components for applications in cement, power, mining, aggregate manufacturing and other industry segments. AIAE specializes in four business zones: cement, mining, power and aggregrate. AIAE provides services for industrial grinding and crushing operations. AIAE services include mill audits, turnkey installation and commissioning projects, stock assessment and management and performance monitoring. The Company primarily operates in only one segment, manufacturing of high chrome mill internals. The Company’s subsidiaries include Welcast Steels Limited, Vega Industries (Middle East) FZE, Vega Industries Ltd., Vega Steel Industries (RSA) Proprietary Ltd. and Wuxi Weigejia Trade Co. Ltd. The Company has sales and services in more than 75 countries.

AIA engineering share fundamental ratios

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Pramod Baviskar

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