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_analysis
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.
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# Ichimoku Cloud
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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.
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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