Moving as per the upward Trendline since Nov 2023, making HH & HL. Seems to go higher from 444 to 495, right now it's at a good support level, lets see what happens next week.
Only for my learning and digital record purpose!
for intraday i had try to draw possible price action
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per trade and per day
3: believe to your analysis
4: stay positive and keep patience
technical analysis + money management+ physicalogy = successful trader
Aster DM Healthcare is looking good on daily time frame. Stock is attempting breakout. Keep on radar for sustaining. Recently Company is also planning to give big dividend to its shareholders from the proceeding of a deal. Keep on radar.
#ASTERDM trading above Resistance of 381
Next Resistance is at 496
Support is at 264
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
ASTERDM:- If stock sustains upside after breakout, then we can see sideways moment, consolidation has also been done, if we get breakout, there are chances of good move.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this....
#asterdm #pharmastock #breakout #breakoutcandidate #trendingstock #momentumstock
>> Beautiful Structure, possible Consoldation breakout
>> Good Strength and volume
Swing Traders should focus on 10% profit & keep trailling
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations...
BUY - ASTER DM HEALTHCARE
CMP - Rs. 270
Target - 1: Rs. 330
Target - 2: Rs. 390
Target - 3: Rs. 440
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Technicals - Ascending Triangle BO
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This is just a view by an expert analyst, please invest at your own risk.
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