ASTRAL INTRADAY -04.12.2023if trigger line crosses over 57.35, will reach 65.96, Cash Price -25-37
If trigger line goes below -51.29, will reach to 42.35, Cash Price - 19-36
Astralltd
Astral Ltd. Trading Idea.ABOUT COMPANY:-
Astral 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.
Astral Ltd. Is looking good on chart. it has given proper falling trendline breakout, after that it sustain on above levels. Price action indicating a big move till 1900+ levels. We can see this stock till new life highs very soon. Indicators also suggesting Positive Reversal. MACD bullish crossover already taken place on chart. Price is above 200 EMA.
All levels already been marked in Chart. Please trade Carefully. Always use stop loss, and yourself from big losses.
Market Cap
₹ 45,301 Cr.
Current Price
₹ 1,686
High / Low
₹ 1,991 / 1,186
Stock P/E
102
Book Value
₹ 101
Dividend Yield
0.13 %
ROCE
25.1 %
ROE
17.7 %
Face Value
₹ 1.00
Debt
₹ 87.1 Cr.
EPS
₹ 17.0
PEG Ratio
4.90
Promoter holding
55.8 %
Intrinsic Value
₹ 419
Pledged percentage
0.00 %
EVEBITDA
53.5
PROS
Company is almost debt free.
Company has delivered good profit growth of 20.7% CAGR over last 5 years
Company's median sales growth is 19.0% of last 10 years
CONS
Stock is trading at 16.7 times its book value
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Disclaimer:- STOCK TRADING IS INHERENTLY RISKY AND THE USERS AGREE TO ASSUME COMPLETE AND FULL RESPONSIBILITY FOR THE OUTCOMES OF ALL TRADING DECISIONS THAT THEY MAKE, INCLUDING BUT NOT LIMITED TO LOSS OF CAPITAL.
Trend Line Breakout & Looks Good for a Positional Buy1) The stock has given a Strong Trendline Breakout with the candle closing.
2) It Took support from the Bottom.
3) Can go long above 1700
4) Target levels are mentioned in the chart
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.
