ASTEC trade ideas
ASTEC Breakout Breakout on back of wide range candle and high volume. Also Relative strength Breakout on daily time frame.
distribution days piling up, short term correction likelydistribution days piling up, short term correction likely.
One Right Trade's Swing Trade Idea #66 : Buy on ASTEC Please do like and share the idea in case you find it good and follow it for further updates on it for benefit of everyone. Also, please comment if you have any feedback. This idea by one right trade is only for study purpose and is not a trading call.
December targetVery comfortably placed being well above the strongest support line and trying to break the next resistance line.Even if it continues to move in bullish manner below this resistance line, December target will be 1300
Astec LifeSciences - Continued momentumAbove 785 momentum will continue and could be a fresh buy.
SL below 765.
Buy Astec on pullback. Pilot position at 532I took a pilot position at 532and I will be looking to add at minor corrections
Technical: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged higher very quickly to make new highs. it has clocked the highest volume since 2017 and it's pretty close to its all tie high. The volume on up days are higher than the volume on down days. there are more green bars than the red bars.
Fundamental:
This stock shows excellent sales and profit growth.
5 years of sales growth - 15.8%
5 years of profit growth - 31.38%
Margins have been sliding for the past 4-5 years however if they work on it, the profits can scale up.
Debt is down by 43% since last year, its a good sign.
TTM earnings up 41%
Long TradeKeep an eye on Astec Liftscience.
Positive Price Structure with clear volume expansion.
Above 610 it can touch 770, that is my final target.
Plant ur Trade with Proper SL.
ASTEC - Breakout of Ascending Triangle PatternWhile the Weekly Inside Bars pattern strategy gave a BUY signal @ Rs. 393, the Ascending Triangle Pattern strategy has given a BUY signal today @ Rs. 409.
#ASTECCCI 34 30 crosses > -100
This indicates an end of the sell momentum
Bottom confirmation still awaited
Bull momentum awaited
Astec Life at crucial levelAstec Life at a crucial level, breaking the upcoming support levels can lead to further downfall.
ASTEC LIFESCIENCES LTD is on multiple support stock is on multiple support with golden ratio level (61.8%) provided solid support.
#ASTECWave (5) ongoing
CCI(All) >100
Weekly BO
Near ATH
Volume Support
BoxBO
Target 852 / 940
Duration 18/3 = 6 months
SL 520
Astec LifeSciences - #WatchlistThe stock has been under a good round of consolidation spanning over the past 18 months! The stock could be gearing up for the next leg in its long term journey and make new all time highs once it manages a weekly close above 640 odd levels!
