ASTERDM trade ideas
On the verge of breakout ✌✌This scrip is all set ready to break the trendline in the coming Days. So traders keep on your radar to catch the momentum.
ASTERDM keep on your watchlistKeep watch on the stock can expect a good bullish move once the resistance broken
#ASTERDM CMP156.50 #target 173(11%) #TECHM #WIPRO #LTTS #LTI #LT#ASTERDM
NSE: ASTERDM
Short Term Earnings
CMP 156.50
Target : 173.15
SL : 148
Timeframe < 45 Days
Can hold for longer time
Factors:
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Aster DM Healthcare- 250 possibleExponential volumes seen along with Inverse head and shoulder pattern. This could move towards 200-250 levels very quickly.
Aster dm Aster dm forming weekly inverted head and soulder pattern. Also trading above 50,100 sma . If we see on daily timeframe golden gate is formed we can go long from here
Aster DM health CMP - 147.55Aster DM Health- CMP 147.55. It has got hospitals in middle east and India. It has got diluted EPS of around 5 to 6 in last two years. It has got good FII stake and looks good. As per technical analysis it has fallen from heights of 180 on 20.11.20 to a low of 132 in March21. From there it retraced with good volumes to 61.8 levels of Fib and came down to 23.6 of Fib level at 143.75 and started going up again. It can be taken with a sl of 129 for target of 162, 170, 180 and above.
ASTER DM HEALTHCARE not fascinating yetNSE:ASTERDM did give a very good volume on buying side but could not breach the walls of the channel it is trading in, seeing further downside till july.
AstermDM FLAG Breakout !!TREND ANALYSIS & TRADE SETUP !
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 8-10 times .
Hospital stocks bullish as corona cases increases#short term investment
Trendline breakout with good volume in daily tf
Entry near 145
SL= 130 (10%)
Tgt= 173 (18%)
ASTERDM - Investor's Choice only - Double your money..My wave analysis suggest a nice Investor's stock..
It is still not ready to jump in as it might still go down..
Happy Trading.
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ASTERDM - Bullish Flag near 52-week highHi Investors,
ASTERDM is consolidating near its 52 week high. Breaking above the flag with volume can bring new upside momentum. Around 194 is its life time (Two years') High.
I hope you will benefit from this Knowledge
-MetaVish
ASTERDM BO WITH VOLUME ASTERDM BO WITH VOLUME
1. RS +VE
2. VOLUME ABOVE AVGE
3.RSI ABOVE60
4. TRADING ABOVE 200 DEMA
ASTER DM HEALTHCAREHistorical Support at 140. Very Important level
LTP < S1 -> Negative. But there is trendline support and the Price respects the trendline. So there is a possibility of breakout avoiding S1 resistance at 140.
Also Healthcare sector is booming due to Corona virus and Lifestyle diseases.
Long above 140 | SL 110 | Target 200 Range
Good Luck Investors❗
