ASTERDMTesting support zone !!!
good time to buy it .
should long it for 3-4 months , could see a upside of 45-50 % .
ASTERDM trade ideas
Aster DM Health : Best opportunity to re-enter / buyIdeal is self explanatory
Stock seems to be in strong grip of bulls as breakout level tested with low volumes
Head & Shoulder, LongTerm trend-line & seemingly ascending triangle breakout
A good level to buy CMP 184; SL 159 closing basis; H&S target 280
Lastly near RSI trend line support
Disclaimer: This analysis is for educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.
Please feel free to comment or share your views. Thanks
Long Term Opportunity in Aster DM HealthcareGo Long above 195.9 for Targets of 243.4 and above with SL 148.4
Reasons to go Long :
1. The stock formed a bullish chart pattern (Inverted Head & Shoulder) and gave breakout with high volume.
Once Target 1 is achieved trail SL to buy price and ride for higher targets.
ASTERDM 1DAY TF AnalysisASTERDM 1DAY TF Analysis
- Riding on a trendline since May 2020 and continuously showing strong bounce on it
- Rising in a channel from past 3 months
- If follow the same pattern can soon touch the major resistance levels of 180 by September or before
Support & Resistance
-Major Resistance of 175 - 180 Levels
-Minor Support of 140,150 and a Major Support of 130 Levels
aster dm healthcareaster dm had breakout at 204 and almost retested the same level (almost) can go long with minor stop below 204 for target of 250+++
ASTERDM"ASTERDM CMP: 179.9
Good Risk reward of 2.25
Buy above : 180
Stop loss: 160
Return of 25% expected
Pattern:
All levels are mentioned on the chart. Keep an eye."
Chart of the Week 3/9/21. Aster DM HealthcareThis week the stock has given a unique breakout of a weekly chart. The Stock made all time high around Feb 18, since then it has tried to break this level several times, however, failed. After Covid fall, the stock was trading in a range which is visible by yellow lines. 2 Weeks before the stock has given a clear breakout @ 188 . Last week the stock has tested its previous resistance and this week again it shot up. This week, however, it has not only managed to break its trading range (yellow line) but also a resistance line (green line) @ 209.3. Therefore, the stock has confirmed the breakout not only once but twice. Moreover, it will now trade under clear blue sky with no upper limit, therefore, a best candidate for Investment . My short term targets are 246 and 350, however, these types are breakouts should not be wasted for pity profits. If one plans to hold for long term, the stock can give you unbelievable returns. My long term targets are 500 with in next 2 years.
View - Medium to Long term
Time - 1-2 years.
Multi year breakout plus head & shoulders breakoutThis is a monthly time frame chart it's showing a clear breakout of head & shoulders pattern with good volumes. there is a high probability to give high returns in long term.
ASTER DM HEALTH CAREAster DM Healthcare was in downtrend since listing recently stock given clear breakout above downward trending trend line. TGTs and Stop marked on chart. for educational purpose
ASTER DM HEALTHCARE(head and shoulder)Aster dm healthcare was in a range bounded trend for the past three years it had formed a nice inverted head and shoulder pattern in the weekly chart and it had now broken the neck line of the head and shoulder pattern this will a be good pick for long term
Looks bullish for short termLooks good Opportunity for short term. Cup and handle pattern breakout. Wait for the retest
ASTERDM HEALTH CARERespected support @158 expected target is 175-180 with SL of just 5 points time period 8-10 days
Aster DM Long SetupAster DM Healthcare Ltd Can go long at 190 with stop loss of 150. Upside rally can expected 230 to 270
ASTER DM Healthcare Multiyear BreakoutLevels are Mentioned in the chart... Good for Swing/mid term...
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks..
Aster DM..weekly analysis Last week overall index closed in red ,,but this script moved15%.
Relative strength > nifty50.
volume increasing
RSI looks strong but over bought zone on weekly basis
Best Entry zone 170-180
stoploss 152 on daily basis( for short term) and 130 on weekly basis!
target 288 (weekly basis).
A strong smallcap in a weak marketLooks strong in a weak smallcap market. Stock has given a recent breakout with a healthy volume.
Healthcare stocks are on an uptick.
Stoploss : 130
Target : 280
Do you own DD before any positions.
Thanks!
Aster DM Healthcare Ltd | ASTERDMInverted Head & Shoulder Pattern on Weekly chart.
Breaking out Resistance zone.
Huge volume while crossing the Resistance zone.
Worth keeping an eye for long.
ASTER DM HEALTH CARE near breakoutASTER DM HEALTH CARE near break... Keep and eye on it
Can give good move for intraday too if it crosses 195 levels
ASTER DM HEALTHCARE BULLISH BIASSuggestions
Buy on Retest of Breakout
Let it cross the resistance zone
Target could be minimum 2x
Stop loss for Long term 130s
ASTERDM BUY OR SELL ??Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
