ASTRAMICRO in Bullish modeHey Family, here’s another stock showing a strong technical setup! 🚀
📈 Stock: Astra Microwave Ltd (NSE: ASTRA)
🔍 Key Observations:
📊 Chart Pattern:
The chart shows a Horizontal Breakout from a long-term consolidation zone. This is a bullish continuation setup, signaling potential for further upside as the stock breaks above key resistance levels.
📈 Recent Price Action:
• The stock broke out last week, showing strong bullish momentum.
• This week’s price action indicates a healthy consolidation above the breakout level, suggesting buyer strength and continued interest.
• Volume activity supports the move, adding conviction to the breakout.
💡 Trading Recommendation:
Aggressive Entry:
• Enter based on current price structure to ride the breakout early.
• Use a stop-loss according to your risk tolerance and trading capacity.
Conservative Entry:
• Wait for a decisive move above the highlighted supply zone for confirmation.
• This approach helps minimize risk and confirms sustained strength.
🧠 Rationale:
The breakout from horizontal resistance, backed by solid price and volume structure, suggests a high-probability bullish continuation. Choose an entry style that aligns with your trading plan and risk profile.
🚨 Disclaimer: This is not financial advice. All views are shared for educational purposes only. Always do your own research and manage risk responsibly before making any trading decisions.
What is your view please comment it down and also boost the idea this help to motivate us.
