Asterdmhealthcare
ASTER DM HEALTHCARE - Swing Trade Analysis - 23rd June #stocksASTER DM HEALTHCARE (1W TF) - Swing Trade Analysis given on 23rd June, 2024
Pattern: BACK AT WEEKLY SUPPORT ZONE
- 8 Weeks Consolidation at Weekly Support Zone - Done ✓
- Strong Weekly Volume Buildup at Support Zone - Done ✓
- Demand Zone Consolidation & Retest - In Progress
* Disclaimer
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.
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.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalASTER DM HEALTHCARE
Very good fundamental Stock
Buy for Investment for long term also
On weekly chart already gave H&S breakout and then retracement done
On daily chart gave good trendline breakout
Buy above 195/200 levels for Swing targets of 210/230
Also looks good for long term holding, but stock will be slow moving.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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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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ASTERDM 1DAY TF AnalysisASTERDM 1DAY TF Analysis
- Riding on a trendline since May 2020 and continuously showing strong bounce on it
- Rising in a channel from past 3 months
- If follow the same pattern can soon touch the major resistance levels of 180 by September or before
Support & Resistance
-Major Resistance of 175 - 180 Levels
-Minor Support of 140,150 and a Major Support of 130 Levels