Chart of the Week 3/9/21. Aster DM Healthcare

Sep 3, 2021

This week the stock has given a unique breakout of a weekly chart. The Stock made all time high around Feb 18, since then it has tried to break this level several times, however, failed. After Covid fall, the stock was trading in a range which is visible by yellow lines. 2 Weeks before the stock has given a clear breakout @ 188. Last week the stock has tested its previous resistance and this week again it shot up. This week, however, it has not only managed to break its trading range (yellow line) but also a resistance line (green line) @ 209.3. Therefore, the stock has confirmed the breakout not only once but twice. Moreover, it will now trade under clear blue sky with no upper limit, therefore, a best candidate for Investment. My short term targets are 246 and 350, however, these types are breakouts should not be wasted for pity profits. If one plans to hold for long term, the stock can give you unbelievable returns. My long term targets are 500 with in next 2 years.

View - Medium to Long term
Time - 1-2 years.