Analysis Parameters- Trend Line,20 SMA, 50 SMA & Bollinger Bands
M TF- Took Support on 20SMA
W TF- Bullish Candle on 20SMA
D TF- Closing just below 20SMA (20SMA at 2091; closing at 2086
H TF- Above 20SMA
For long trade,
wait for the breakout over on daily TF over 20 SMA
T1- 2136
T2- 2204
For Short Trade, below 2064
T1- 2012
T2- 2000
T3- 1950
Keep a...
After a Long Downtrend Took Strong Support 1950s Area
Right not at Trend Line & Resistance Line Juncture (2040-2080 Area)
Above 2080 is a buy with 2040 as SL 2200 Target
Below 2040 is a sell with 2080 as Sl and 1920 Target
Wait for breakout and pullback
Astral ,Trend Reversal , Lifting From Support, Crossing 200 DEMA NSE:ASTRAL
VERDICT ASTRAL
Trend Reversal if Crosses 200 DEMA
Indicators Positive
T1 2130
T2 2195
T3 2650 Positional
Only For Educational Purpose
Wave 1 Completed
Wave 2 in Progress
Possible Pullback either from 2310 Levels
Or Final Level of 2240 for reversal
Wait for confirmation
Strongest Support (Sl) 2150
Possible Targets 3000
Astral Daily Analysis
CMP 1793
Buy for Traget - 1900-2000-2100-2200-2300-2500+
can buy Aug fut of 1900 CE Trading @ 39
Holding period till August end - cash buyers can hold 2-3 months
SL for fut-CE is Candle should close below 1700 in Spot
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock...
8 Months #Breakout under Upward Parallel Channel at #ASTRAL (Astral Ltd) Weekly Chart. Its Started #Outperformed #Nifty.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom...
we can see it"s a high probability trade because it has formed 3 bullish patterns in multiple time frames with that it has already achieved 42% of the target and we can still expect 10-12% more .
I am expecting a retest at 1 hour channel pattern and goint to enter with a risk of 2.5% and a reward of 12%-14%
1- technical chart patterns in our favour.
2- multi...
ASTRAL - Swing and Investment Analysis
1. Excellent breakout done in a weekly timeframe with the proper retracement.
2. Good time to buy this stock for a very short-term swing or a 1 or 2 months swing or an investment purpose.
3. For the next week it will touch the 2200, that is 10% in a week!!!
4. Then it may get some retracement and form an inverted head and...
mest capital indicator has generated an alert of going long in equity for Astral Ltd.
Timeframe: weekly
Entry : High price of candel
Stoploss: Low price of candel
Happy trading 🙏
