ASTRAL trade ideas
Astral - Channel BottomWith real estate peaking and RM prices coming down this stock could start moving again.
Technically its at a channel bottom where it has found support in the past..
Long at current market price with SL below 2150 (barely 2% down)
Looks like a good risk reward trade if markets are tending positive tomorrow.
ASTRAL PRICE ACTION ANALYSIS.Astral broke the 2085 level with huge volumes and now trying the pullback test. If it manages to sustain above this level, go long.
Book your profits near the supply zone or trail them for upper targets. If the all-time is broken, then aim for the 2500 mark.
Stoploss level and target levels are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON ASTRAL.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.