volume drop of more than 50% this week, the price contraction is not much, however, the stock has not corrected much in the recent midcap/smallcap decline hence I will be willing to trade this
Buy 1235. SL 1200
Astral Polyteck - Entry above 1240
past 3 years average sales growth13.66%
past 3 years average profit growth 32.33%
past 3 years average margin growth 7%
Astral Polyteck - Entry above 1240
past 3 years average sales 13.66%
past 3 years average profits 32.33%
past 3 years average margins 7%
April month has seen very low volume shakeout, looks like the supply coming to the market has eased. we may see a good upmove if price sustains above 124/1260
Astral has given a breakout from a recent high with good volumes. Earnings are pretty strong with 17/20% past three quarters. 2019 annual reports will give us a better view of the financial standing of the company.
stock is making higher high higher low from so many days now on dip it has made bullish percing on 55 day ma .
try to buy below 1090 sl if close below 1075 and tgt 1165
Astral Poly is one of the strongest midcap stocks fundamentally. The price has defied market trend over the last 1 year and is trading close to all time highs.
A technical breakdown has taken place today and we can see the stock correct down by 10% and more. The uptrend of the last few months seems to have broken and the strong momentum that pushed the stock up...
Astral poly:565 is trading above an all time high,
with strong bullish bias will find a new target 660 soon,
as per the Fibonacci retracement calculations.
(on Request)
Astral Poly Technik Limited is engaged in the production of plastic products. The Company and its subsidiaries are engaged in the business of manufacturing and trading of pipes, fittings and adhesive solutions. Its product range includes pipe category for plumbing, industrial, drainage, fire protection, agriculture, electrical conduit and ancillary, and adhesive category for construction, maintenance, wood care and automotive. The Company has its manufacturing facilities in India and abroad, and sells across the globe. Its pipe manufacturing facilities offer products, such as chlorinated polyvinyl chloride (CPVC) piping system for plumbing, industrial and fire protection; unplasticized PVC (UPVC) piping system for plumbing; manholes/chambers; PVC piping system for drainage; electrical conduit pipes; cyanoacrylates; solvent cements; tile adhesives; silicone sealant; putty; construction chemicals; polyurethane; acrylics; silicone sealants; waterproofing solutions, and silicone tapes.
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ASTRAL
