ASTRAL trade ideas
ASTRALASTRAL:- Wait for breakout only after planning something
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rest details mentioned in the chart.
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ASTRALPlumbing and piping solutions for both residential and commercial purposes are manufactured and marketed by Astral Ltd.
Up to July 3rd, it needs to stabilize before breaking the support and retracing about 10% from the most recent high.
I feel that it has to reach support at the level of 1783 right now, and that the area above 1815 has the ability to see an upward trend with a strict SL of 1737.
It probably will arise by 1850, 1900, and 1950.
There is no recommendation intended; this is merely for educational purposes.
In order to avoid making a mistake, please consult your advisor.
I am not an advisor on finances.
Astral: Trend Reversal IndicationI have found a trend reversal signal as the price has crossed below monthly CPR. if it fails to sustain above CPR, it may reach back to the price level of Rs.1540. What do you think?
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AstralENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Short Astral below 1947Short Astral Ltd. below 1947, Target 1 = 1923, Target 2 = 1899. Reason for trade Price is consolidating between 1960 -2020 and is trading near the lower range. Every buying is getting sold at top. Once price sustains below 1947 it can go down.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
Astral Ltd. Trading Idea.ABOUT COMPANY:-
Astral Poly Technik Ltd was established in 1996, with the aim to manufacture pro-India plumbing and drainage systems in the country. It has also forayed into adhesive business over years.
Astral Ltd. Is looking good on chart. it has given proper falling trendline breakout, after that it sustain on above levels. Price action indicating a big move till 1900+ levels. We can see this stock till new life highs very soon. Indicators also suggesting Positive Reversal. MACD bullish crossover already taken place on chart. Price is above 200 EMA.
All levels already been marked in Chart. Please trade Carefully. Always use stop loss, and yourself from big losses.
Market Cap
₹ 45,301 Cr.
Current Price
₹ 1,686
High / Low
₹ 1,991 / 1,186
Stock P/E
102
Book Value
₹ 101
Dividend Yield
0.13 %
ROCE
25.1 %
ROE
17.7 %
Face Value
₹ 1.00
Debt
₹ 87.1 Cr.
EPS
₹ 17.0
PEG Ratio
4.90
Promoter holding
55.8 %
Intrinsic Value
₹ 419
Pledged percentage
0.00 %
EVEBITDA
53.5
PROS
Company is almost debt free.
Company has delivered good profit growth of 20.7% CAGR over last 5 years
Company's median sales growth is 19.0% of last 10 years
CONS
Stock is trading at 16.7 times its book value
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