Aster DM Long SetupAster DM Healthcare Ltd Can go long at 190 with stop loss of 150. Upside rally can expected 230 to 270
ASTERDM trade ideas
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...
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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.
LONG TRADE CANDIDATE - ASTER DM1. The stock is trading in a ATH zone and break above 195 can ignite the stock.
2. Bullish Head & Shoulders Pattern is clearly visible and the neckline is still intact.
3. Once the Neckline is broken, it will trigger the entry and we can expect levels of 280/300 very soon, in 3 to 9 months
4. This is a weekly chart and noise in daily / hourly charts to be ignored. For decision making, strictly following 'weekly close' will save us from fakeouts or any other wrong decision making.
Do your analysis and decide the trading plan that suits your trading style.
ASTERDM - Price and Trend SetupASTERDM - Soon stock would be testing resistance of 169, going by previous trend stock is absorbing all the supply and retesting same level quite long time. Can be added to watchlist for tracking breakout and possible entry opportunities.
Aster DM Inverted H&SNSE:ASTERDM
Buy above 195 or near 150-160
SL closing below 140
T 235, 255, 270, 300
ASTERDM- Head & Shoulder.Everything is explained in chart.
Just for study purpose not any recommendation.
Have a Wonderful Day.
Aster DM Healthcare Cmp 176 dated 17.8.2021Aster DM Healthcare Cmp 176 dated 17.8.2021
1. Parallel Line Chnaanel BO @ 182.
2. Volumes rising high.
Buy for a tgt of 205 SL 160
It is just a view, pls trade at your risk.
ASTERDM LOOKS GOOD ON THE VERGE OF BREAKOUTASTERDM looks good above 175 (CMP: 176.45) weak below 148 can go till 272
Positional trade: inverted head & shoulder buy above 185 for Swing or positional trade
small resistance till 195.
stoploss for swing keep below trendline around 160
for positional add in dips and keep sl below 132
Positional and swing target - 210, 245, 273, 286
follow proper stoploss and risk management
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
Aster DM - Can give 10% and higherAster DM looks good for a further upmove from the current levels
Levels are mentioned in the chart
Try to enter near the base of the triangle
If you found the idea useful, give a like and show your support. Thank you!
Happy Trading!
Regards,
Segan
Aster DM Healthcare Ltd - 30.07.2021Aster DM Healthcare Ltd - 30.07.2021
The stock has breached the strong resistance zone @ 159, the stock closed @ 163 on 30.07.2021
Breakout above 167
watch out for price action
fib 61.8 ratio @ 154
target: 205, 225
timeframe: 6-8 months
#ASTERDM, Upward channel & volume accumulationUpward channel, Good volume accumulation and heavy delivery too, good upside can be possible on pattern breakout
AsterDM looks good for entry.CMP - 164
The stock has broken the resistance and retested it today, now I am anticipating that it will touch the 180. The view invalidation level is 152.
The analysis is just for educational purposes, please contact your financial advisor before making any trade.
