Aster DM health care is well respected chain of hospitals / Day Care Clinics / Medical Shops in UAE. IPO opened at price of 183.25. Currently this STOCK is trading at discounted price of 149.30 Price has been trading in a downward channel and for the first time price has come out of this channel. A visible shakeout happened today where in weak hands were removed. This stock can be bought at current levels with target of 196 which would mean return of 30 percent.
Right now on the Daily Chart a Cup and Handle Formation has also formed