ASTRAL trade ideas
Daily chart of Astral India Ltd#AstralLtd Analysis:
📊 Daily Frame:
CMP: ₹1841.15 | Market Cap: ₹49,458 Cr
PE Ratio: 89.99 | Dividend Yield: 0.19
📈 Market Trend:
Since May 2023, stock consolidating.
Demand zone: 1771.30 - 1819.95 | Supply zone: 2018.25 - 2058.50.
Uptrend possibility on breaking 2058.50.
📉 Technical Indicators:
RSI: 36.86 (Oversold, heading towards 30).
Major demand at 1771.30 - 1819.95.
🚨 Disclaimer: This is not financial advice. Investors should conduct own research.
#AstralLtd #StockAnalysis #MarketTrends
Wait & Watch - Possible BreakoutHi All…
Greetings!
Today I’m sharing with you Astral Ltd. Daily Chart. I think it is break out just need to wait & watch for a day or two.
In the coming time I think it should give good returns.
Thanking You
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your whole capital.
I hope you found this idea helpful.
Please like and comment.
Share with Your Friends.
Keep Learning,
Happy & Safe Trading
Disclaimer – These ideas shared by me to all are my personal analysis / views. Im not a SEBI registered technical analysis.
Astral buying opportunity for swingStock: Astral Pipes
CMP : 1910
Fundamentals:
Good YOY Growth.
Good ROE (18%) AND ROCE (24.8%).
Company is almost debt free.
Company has delivered good profit growth of 21.0% CAGR over last 5 years.
High P/E ratio (Only Negative point)
Technical:
Astral is currently consolidating on support and might breakout from here.
Other factors that indicate a possible upside move:
1) RSI 43 indicating neither overbought nor oversold stock.
2) Trend line Support
3) Reversal from 50 EMA like last time
4) Morning star formation on support
Target in near future:
T1: 1950
T2: 2000
T3: 2050
Entry: Crossing above morning star green candle on daily chart
Stop Loss: On break of support.
TRIANGLE BREAKOUT IN ASTRALV 02.09.2023BUY : 1728 TO 1569
TARGET : 2345 TO 2655
Reason For Selling This Script :
In this script it has formed triangle breakout pattern in monthly time frame. Now the price has to retest the pattern so wait up to above given levels.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some months to achieve the target.
ALL THE BEST ..