Aster DM Healthcare is currently forming a Head & Shoulders pattern, indicating potential short-term distribution after a strong uptrend. The right shoulder has developed with a Doji candle near support — suggesting indecision and possible reversal or continuation depending on the next few sessions.
The stock is hovering around its golden zone (₹640–₹660) — a critical area to watch for either a bounce or a breakdown. Sustaining above this zone can lead to recovery, while failure to hold it could push prices back to the lower support zone.
🎯 Key Levels:
CMP: ₹688.65 (+1.50%)
Pattern: Head & Shoulders
Doji Zone: ₹685 – ₹700
Golden Zone: ₹640 – ₹660 (key retracement area)
Major Support: ₹580 – ₹600
📊 Technical View:
Head & Shoulders structure forming after a sharp rally.
Doji candle shows hesitation near the neckline zone — watch next candle for confirmation.
20 EMA acting as dynamic support; breakdown below it can accelerate selling.
Volume contraction indicates reduced momentum — possible retest ahead.
🧠 View:
Aster DM is at a key decision point. A daily close above ₹700 could invalidate the bearish setup and trigger recovery, while a breakdown below ₹660 may lead to a slide toward ₹600. The Doji formation adds to the significance of the next move.
The stock is hovering around its golden zone (₹640–₹660) — a critical area to watch for either a bounce or a breakdown. Sustaining above this zone can lead to recovery, while failure to hold it could push prices back to the lower support zone.
🎯 Key Levels:
CMP: ₹688.65 (+1.50%)
Pattern: Head & Shoulders
Doji Zone: ₹685 – ₹700
Golden Zone: ₹640 – ₹660 (key retracement area)
Major Support: ₹580 – ₹600
📊 Technical View:
Head & Shoulders structure forming after a sharp rally.
Doji candle shows hesitation near the neckline zone — watch next candle for confirmation.
20 EMA acting as dynamic support; breakdown below it can accelerate selling.
Volume contraction indicates reduced momentum — possible retest ahead.
🧠 View:
Aster DM is at a key decision point. A daily close above ₹700 could invalidate the bearish setup and trigger recovery, while a breakdown below ₹660 may lead to a slide toward ₹600. The Doji formation adds to the significance of the next move.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.