ASTRAL trade ideas
ASTRAL POLY TECHNIK [Positional]Go long with the support of (945-955) for the targets of (1047-1057) / (1083-1092) / (1135-1148)
Astral Polytechnik - buy here for a smart 15% upmove.Profile -
Astral Poly Technik is engaged in the production of plastic products. The company and its subsidiaries are engaged in the business of manufacturing and trading of pipes, fittings and adhesive solutions
Market News & Views -
The Indian Plastic Pipe Industry is likely to grow faster, driven by government' s initiatives like - Housing for All by 2022, Nal Se Jal by 2024, Project Amrut & Swachh Bharat Mission. Also, the current bans imposed on Chinese Plastic Products will add to the demand of Indian Plastic products Manufacturers. The 3rd part of the 5 part Stimulus Package annouced by government for Agri & Housing Sector is likely to beefit the PVC Pipes segment. Most of the leading Broking Houses are receommending to buy Astral with a investment horizon of 2 yrs.
Technical View -
The stock is forming a Triangle breakout on the upside with 100 DMA coinciding right at the breakout points. The Stock has managed to close above the Triangle and 100 DMA for last 2 days which is a positive sign. For Short term Traders, the trade is to buy with a stop loss of 930 for a target of 1060 and 1150. Positional Investors can buy this stock in trunches on every decline till 800 levels.
Intra-day buy call on AstralTarget of 998 (200 DMA and psychological level of 1000). High probability of hitting the target tomorrow, depending on what level it opens, trade can be initiated.
Astral Poly Technik Ltd - Bullish Gartley FormationFormation of bullish Gartley in ASTRAL. Price in PRZ.
Wait for a bullish signal bar before entering. Target and SL in chart itself.
*This is only for educational purposes, not a trading recommendation*
Weekly Inside Barvolume drop of more than 50% this week, the price contraction is not much, however, the stock has not corrected much in the recent midcap/smallcap decline hence I will be willing to trade this
Buy 1235. SL 1200
Price is contracting, chances are the stock may ho much higherAstral Polyteck - Entry above 1240
past 3 years average sales growth13.66%
past 3 years average profit growth 32.33%
past 3 years average margin growth 7%
Entry above 1240Astral Polyteck - Entry above 1240
past 3 years average sales 13.66%
past 3 years average profits 32.33%
past 3 years average margins 7%
April month has seen very low volume shakeout, looks like the supply coming to the market has eased. we may see a good upmove if price sustains above 124/1260
Entry @1220 looking for an upside of 15/20%Astral has given a breakout from a recent high with good volumes. Earnings are pretty strong with 17/20% past three quarters. 2019 annual reports will give us a better view of the financial standing of the company.
#ASTRALH > 1194.80 AND C> 1161.75
will be the real breakout for 1383.90 / 1518
TGC with strength
BO12
CCI(W) crosses 100
LONG ASTRALstock is making higher high higher low from so many days now on dip it has made bullish percing on 55 day ma .
try to buy below 1090 sl if close below 1075 and tgt 1165
Astral BreakdownAstral Poly is one of the strongest midcap stocks fundamentally. The price has defied market trend over the last 1 year and is trading close to all time highs.
A technical breakdown has taken place today and we can see the stock correct down by 10% and more. The uptrend of the last few months seems to have broken and the strong momentum that pushed the stock up looks over for now.
#ASTRALH> 888 and C > 873 will overpower
the fibo resistence with strength
CCI(HTF)>100
Can be accumulated for
875 / 904 / 950
SL 846
astral polybeautiful flag setup. stock has been moving as per setup. one can buy with sl of 530 for 680 (2 months timframe)
Astral poly:565 is trading above all time high,next target 660.Astral poly:565 is trading above an all time high,
with strong bullish bias will find a new target 660 soon,
as per the Fibonacci retracement calculations.
(on Request)
Astral Poly - Box BreakoutStock giving Range (Box) Breakout. Use every declines to form long positions.
