Astral Ltd – Trendline Breakout & Upside TargetsAstral Ltd has broken out of a long-term falling trendline, indicating a potential shift from bearish to bullish momentum. Price is trading above the safe entry level of ₹1,453 and holding strong. Sustaining above ₹1,514 may confirm further upside targets.
📌 Key Technical Highlights:
Pattern: Downtrend Breakout
Safe Entry: Above ₹1,453
Stay Invested Above: ₹1,514
Resistance turned Support: ₹1,590
Volume strength will be key for confirmation
🎯 Upside Target Levels:
Target 1: ₹1,662
Target 2: ₹1,724
Target 3 (Reversal Zone): ₹1,770 – ₹1,812
Swing Target: ₹1,949
⚠️ Downside Risk Levels (if breakout fails):
₹1,411
₹1,369
₹1,316
₹1,234
📈 Strategy Outlook:
A positional buying opportunity emerges above the breakout zone. Traders may consider entering above ₹1,453 with a stop-loss below ₹1,411. Holding above ₹1,514 adds confidence for higher upside targets.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Do your own research before trading or investing.
