Astral Ltd— Monthly & Weekly technical readOn both the monthly and weekly charts as of early October 2025, Astral Limited is in a consolidation to bearish phase:
• Moving Averages: All major moving averages (5, 10, 20, 50, 100, 200 days) are signalling sell, indicating the stock is trading below key confidence levels.
• Elliott Wave Reading:
Astral is engaged in a corrective phase following a multi-year uptrend and the sharp peak → sell-off
The run to the July-2024 high looks like a completed 5-wave impulse up from the multi-year base. The subsequent move since the peak is best read as an A–B–C correction
We are likely inside or completing wave C on weekly/monthly — that explains continued weakness until key support (≈₹1,230) is decisively tested. (If wave C completes and price holds monthly support, a new impulse up may follow.)
• Short forecast / probabilities (my view):
• Short Term (2–8 weeks): Oscillators in oversold territory suggest the stock could consolidate or attempt a short-lived bounce.
• Q4 2025 and Beyond: Forecasts for the end of 2025 position Astral between 1,600 and 1,665, assuming successful defense of support and a return to broader market strength.
• Trading Strategy:
Accumulation Zone: ₹ 1310-1370
Stop Loss: ₹1,220
Targets:
T1: ₹1,450
T2: ₹1,577
T3: ₹1600-1665 (long term)
Conclusion : Astral Ltd. is technically oversold but sentiment remains cautious; watch the 1,360 supports for signs of reversal. Downside is limited if this support holds, with upside potential back to 1,650–1,665 by year-end should a new impulse wave begin
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