ASTERDM trade ideas
AsterDM HealthcareNSE:ASTERDM chart is showing a bullish breakout pattern consistently.
Starting around 243 level, it's actually an Elliot Wave 1-2-3-5-6, every time nice flag and pool pattern is creating.
The EW motive pulse is the pool and the EW corrective pulse is the flag consolidation.
And it's now in Wave-5, the most prosperous wave of EW.
Go LONG with a SL of 243.
ASTER DM HEALTHCARE LTD - Ascending Triangle Breakout📊 Script: ASTERDM (ASTER DM HEALTHCARE LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY SMALLCAP / NIFTY PHARMA
📊 Sector: Healthcare
📊 Industry: Healthcare Services - Hospital
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Volume is increasing along with price which is volume breakout.
📈 Script is giving breakout of Ascending Triangle.
📈 Current RSI is around 65.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 265.55
🟢 Target 🎯🏆 - 304
⚠️ Stoploss ☠️🚫 - 247
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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ASTERDM - Ichimoku Bullish Breakout Stock Name - Aster DM Healthcare Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 270
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Keeping the Elliott Wave Count simple IT is difficult to not get Carried away,
while using Elliott Wave and force counting / Marking on charts
Simplicity is the key here.
Could fill up this Description Box with Details of my marking ,I'm avoiding the same;
1.The Counts will match Fibo levels (Inner waves)
2. The Countinuity of Higer Degree Wave is where we get to Take positions on.
3. Awaiting confirmation of Samller Wave ii.
4.Assumption :- If things fall in place we are in for a very positive Performance here.
Will really be surprising to not see Big Candles / Gap ups from here on.
ASTER DM - High conviction callASTER DM - ASTER DM Healthcare's subsidiary acquires additional 2% stake in MEDICARE HOSPITAL.
SECTOR - HEALTHCARE
CATEGORY - SMALLCAP
VOLATILITY - MODERATE RISK
52ND WEEK HIGH = 263.15
52ND WEEK LOW = 158.10
PE RATIO = 23.81
SECTOR PE RATIO = 34.89
High conviction call - Based on Technical(Try to buy small quantity between the buying price and stop loss price) .
EMA 9 = 247.16
EMA 20 = 239.76
EMA 50 = 225.53
EMA 100 = 212.15
EMA 200 = 199.74
Kindly consult your financial advisor before investing.
Watch for a massive move !!!Aster DM is standing at the door of breakout passing which, could
witness a massive move.
Inverse head & shoulder pattern which was under construction from
9 months is ready for a breakout.
Indications which are suggesting breakout is volume buzzing and RSI breaching
above 60.
After, breakout levels up to 236 is possible but till then, keep a keen watch on it.
ASTERDM - Morning Star - Sequence of Events 14-07-2022 : Volume is Monthly High. Stock is already above 20 SMA on Daily, Weekly, and Monthly time frames
15-07-2022 : Volume is again Monthly High. RSI crossed above 60 on Daily / Weekly / Monthly time frames ( 6 days Back)
18-07-2022 : SMA 50 crossed /SMA 100 on the higher side. Currently formation in on Normal NR7
19-07-2022 : Normal NR7 - Breakout
26-07-2022 : ~10% movement (Low 218.45 to High 237.45). Crossing 4-week High / Cross WK Piv Upside
Also candlestick formation: Morning Star
Expecting a possible strong move on the upside.
This is my own understanding -- please do your own study before taking a call.
ASTERDM - Weekly Analysis - Swing tradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalASTER DM HEALTHCARE
Very good fundamental Stock
Buy for Investment for long term also
On weekly chart already gave H&S breakout and then retracement done
On daily chart gave good trendline breakout
Buy above 195/200 levels for Swing targets of 210/230
Also looks good for long term holding, but stock will be slow moving.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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ASTERDMNSE:ASTERDM
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