Aster DM Healthcare - Breakout Setup, Move is ON...#ASTERDM trading above Resistance of 496
Next Resistance is at 648
Support is at 381
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ASTERDM
Aster DM Healthcare - Long Setup, Move is ON...#ASTERDM trading above Resistance of 381
Next Resistance is at 496
Support is at 264
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ASTERDMASTERDM:- If stock sustains upside after breakout, then we can see sideways moment, consolidation has also been done, if we get breakout, there are chances of good move.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
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Ajay.
keep learning and keep earning.
ASTERDM : Breakout Candidate#asterdm #pharmastock #breakout #breakoutcandidate #trendingstock #momentumstock
>> Beautiful Structure, possible Consoldation breakout
>> Good Strength and volume
Swing Traders should focus on 10% profit & keep trailling
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
ASTERDM - Ichimoku Bullish Breakout Stock Name - Aster DM Healthcare Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 285
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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ASTER DM HEALTHCARE LTD - Ascending Triangle Breakout📊 Script: ASTERDM (ASTER DM HEALTHCARE LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY SMALLCAP / NIFTY PHARMA
📊 Sector: Healthcare
📊 Industry: Healthcare Services - Hospital
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Volume is increasing along with price which is volume breakout.
📈 Script is giving breakout of Ascending Triangle.
📈 Current RSI is around 65.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 265.55
🟢 Target 🎯🏆 - 304
⚠️ Stoploss ☠️🚫 - 247
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
ASTERDM - Ichimoku Bullish Breakout Stock Name - Aster DM Healthcare Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 270
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
ASTER DM - High conviction callASTER DM - ASTER DM Healthcare's subsidiary acquires additional 2% stake in MEDICARE HOSPITAL.
SECTOR - HEALTHCARE
CATEGORY - SMALLCAP
VOLATILITY - MODERATE RISK
52ND WEEK HIGH = 263.15
52ND WEEK LOW = 158.10
PE RATIO = 23.81
SECTOR PE RATIO = 34.89
High conviction call - Based on Technical(Try to buy small quantity between the buying price and stop loss price) .
EMA 9 = 247.16
EMA 20 = 239.76
EMA 50 = 225.53
EMA 100 = 212.15
EMA 200 = 199.74
Kindly consult your financial advisor before investing.
ASTERDM - Morning Star - Sequence of Events 14-07-2022 : Volume is Monthly High. Stock is already above 20 SMA on Daily, Weekly, and Monthly time frames
15-07-2022 : Volume is again Monthly High. RSI crossed above 60 on Daily / Weekly / Monthly time frames ( 6 days Back)
18-07-2022 : SMA 50 crossed /SMA 100 on the higher side. Currently formation in on Normal NR7
19-07-2022 : Normal NR7 - Breakout
26-07-2022 : ~10% movement (Low 218.45 to High 237.45). Crossing 4-week High / Cross WK Piv Upside
Also candlestick formation: Morning Star
Expecting a possible strong move on the upside.
This is my own understanding -- please do your own study before taking a call.
ASTERDM - Weekly Analysis - Swing tradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Triangle Breakout in AsterDm HealthcareIf we see the daily timeframe for Aster DM healthcare, it is clear that the stock has given a breakout after 5 months of consolidation inside the triangle pattern. Currently it has broken the upper trend line with good volumes. It is also near to the psychological level of Rs 200. If it breaks Rs 200 with good volumes and gives a candle closing above it, we might see a aggressive buying in this stock. With the current momentum, we can definitely look out for 5%-10% gain from this stock in the short term.
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