astra micro-15yr weekly breakout on closing abv 200.
cup and handle formation breakout abv 160 was seen, now its a multiyear breakout.
depth of cup 178rs, tgt 200+178=378.
weekly adx abv 30 shud provide good momentum & protection from downside.
traders can keep sl of 150 on dcb
Observed that AstraMicro is steadily going up. My chart says it can reach the levels plotted on the chart. Tradingview rating on this stock is a Strong Buy. So traders watching this stock may find a good buy opportunity on this stock.
As always, please do your own due diligence on each and every security before you act.
Queries / Feedback welcome.
All the best to all.
The current up move looks like a pullback. Investors/positional traders can see this as an opportunity to exit.
Even a move upto 115 must be seen as a pullback and not trend reversal.
Further downside expected in days to come.