Bullish trade building up in Astral with RR of 7Looks promising for a RR of 7. It is continuosly making higher highs and higher lows, and RSI Profile is trending higher and suggesting bullish trend. although current TF RSI is near overbought zone, which suggests possibility of minor retracement, still higher TF RSI Trend
is positive and with current point of control zone shifting higher we can keep a Sl just few points below POC.
Entry at 1440
SL around 1423
Target around 1555
Risk to reward ratio is around 7.
Indicator used : RSI Hybrid Profile (Link available in my profile)
PS : This is an Educational post and doesn't constitute any trading or financial advice, just do your own research.
ASTRAL
Astral - Looks good to buy at bottomAstral Poly Technik Ltd was established in 1996, with the aim to manufacture pro-India plumbing and drainage systems in the country. It has also forayed into adhesive business over years.
Market Cap: ₹ 36,884 Cr.
Promoter holding: 54.1 %
FII holding: 20.2 %
DII holding:14.6 %
Public holding: 11.0 %
Fundamentals are good. Near breakout level and good to hold for the next 6 months.
ASTRAL - SWING TRADE ON LONG SIDESymbol - ASTRAL
ASTRAL is currently trading at 1555
I'm seeing a trading opportunity on buy side.
Buying ASTRAL Futures at 1555
I will add more long position at 1535, if comes.
Holding with SL of 1515
Targets I'm expecting are 1630 - 1685 & above.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Astral - Keep An EyeThe stock price has dropped around 40% in the last six months. Now coming at the multiple support levels as shown on the chart. If it gives a reversal from the support levels, it may go into a bullish phase again.
It may reverse from 1550 or 1470 levels. One should wait for the reversal signs according to their setups.
Possible targets may be 1685/1770/1930+
The setup fails if the price sustains below 1440. Better to keep the position size following risk management or exercise hedging.
This is only for learning and sharing purposes, not a buy or sell recommendation. Please do your research before taking any trade.
All the best.
ASTRAL Trading within Demand Zone of ₹1720 to ₹1701.9ASTRAL's current price is ₹1713.55, positioning it in the demand zone between ₹1720 and ₹1701.9. This zone, formed on May 25, 2023, may act as a support level, suggesting potential buying interest. Investors may want to observe the price action around this range to assess opportunities for a potential rebound or consolidation.
ASTRAL - Reversal possible Price analysis & overview: -
1. Breaking the channel.
2. Liquidity grabbing opportunity on the below levels.
3. 1800 around zone is strong support zone and probably it should bounce.
4. RRR looks favourable.
- Stay tuned for further insights and updates, and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. I share whatever I do. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Astral rising: How the Stock Price Defies Gravity in the Market(1) The price broke through resistance and surged after a prolonged consolidation
(2) It is now maintaining upward momentum with higher highs and higher lows.
(3) Following a breakout, the price is near its record high and expected to keep rising.
ASTRAL - Ichimoku Breakout📈 Stock Name - Astral Poly Technik Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 2080.
🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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ASTRAL - Bullish Consolidation with VolumesNSE: ASTRAL is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has reversed at key support area which is indicating demand.
One can look for a 11% to 16% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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