ASTRAL
ASTRAL - All Time High Breakout + huge volume - Swing/InvestmentThe 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.
ASTRAL - Swing and Investment AnalysisASTRAL - Swing and Investment Analysis
1. Excellent breakout done in a weekly timeframe with the proper retracement.
2. Good time to buy this stock for a very short-term swing or a 1 or 2 months swing or an investment purpose.
3. For the next week it will touch the 2200, that is 10% in a week!!!
4. Then it may get some retracement and form an inverted head and shoulder pattern, the target will be 2530.
5. Once it crosses the 2530, which is its all-time high, it will fly to 3600 to 4000 based on the timeframe...
6. Strong support at 1750.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
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MONSTER WOKE UPAstral limited looks very strong on daily chart, gives breakout on falling resistance trendline and closed above strongly and gives breakout on Bollinger bands too relative strength indicator gives signs of coming bullishness in this stock. Fundamental strong counter.
CAUSE OF LONG-:
1- Falling resistance trendline breakout.
2- Bollinger bands breakout.
3- Relative strength indicator breakout.
4- Combination of breakouts.
INVESTMENT PICK ASTRAL NSE:ASTRAL \
This is a positional trade
The stock is daily resistances zone ones it breaks there will a great upside move
The first target is 1980 and final target is 2100
We should accumulated around 1650 .
The company has posted a good quarterly result.
This is for educational purpose
NSE ASTRAL - Earn From Market RecoveryThe stock market has started recovering. Still, there's a big question, is Russia and Ukraine war over yet? Start investing during stock market uncertainty using Elliott Wave Projection.
It looks like ASTRAL has accomplished the corrective structure and started forming motive waves.
Price has ceased the sub-wave 5 of motive wave ((c)), and the length of wave (A) is equal to wave (C). So, this is called wave equality, where wave (A) = wave (C).
If the price has bullish sentiments, the ASTRAL will not directly jump to complete the impulsive wave 3, but it will create sub-waves of motive wave 3.
If traders are willing to initiate a long with low-risk setup, they can wait for a pullback of the previous move to reduce the length of stop-loss.
Please note that wave two can never overlap the starting point of wave one.
If the current move exceeds the low of 1769 , we can't consider this an impulsive wave.
Wave three can travel for 161.8% Fibonacci extension of wave one at 2047, and power extension can derive price to 2217 .
Traders can expect the following targets for the 3rd wave: 1976 - 2025 - 2144 - 2216.
Astral Chart Analysis !!📈 Astral 📉
My Findings :-
1. Breakout from Resistance Zone in and this zone is important because it was also acting as a support earlier.
2. Higher High and Higher Low Formation.
3. Close Above Feb, March 2022 High.
Bias- Long
Target- 2220, 2391 and 2489
SL- 1975
RR- 1: 2.5
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Astral buy above 2115Hello guys, last few days have been volatile so I was not giving many trades, seeing the market it is now better to take the trades on support rather than on breakout as most of them are failing.
Astral retraced 78.6% from last swing high.
Sitting above flip level
Near Demand/Supply conversion zone
Bounced from 200 MA cluster
Immediate resistance at 2095 - 2110
Buy above 2115
Targets mentioned in the chart above
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