Astra Microwave: breakout zone retest stock!Astra microwave is close to its breakout retesting zone. Keep an eye on this stock.
ASTRAMICRO
Astra Microwave: breakout stockAstra microwave has broken its immediate resistance and formed a strong breakout candle on the daily chart frame. Keep it on your radar.#astramicrowave
#astramicro #stockstobuy #trading #investing #Nifty #BankNifty NSE: ASTRAMICRO
CMP: 308.90
TARGET 424 37% Return on Equity ( Return on Investment )
STOP LOSS 271
RR > 3
Time frame 6m.
NSE:ASTRAMICRO
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
ASTRA MICROWAVE PR The idea here is about ASTRA MICROWAVE PR
Mentioned below are the points to be considered
Points as per TA on a Weekly Chart:
1. Daily Candle is an Engulfing Pattern.
2. Cypher Pattern Completed on a Daily Chart.
3. 3.618 FIB Reached from AB Leg Distance.
4. Price is way Above 20 EMA.
5. Kumo Breakout & |Twist on a Daily chart is strong.
6. MACD Crossed over Signal on Daily chart on the time of analysis.
7. RSI is 80.14 on a daily Chart.
8. Hull Moving Average on a daily,weekly and Monthly is a strong Buy.
9. Strong Volume on 19th Aug 2022.
10. Price might retest 284.00. and a correction of price might be in place. If price sustains above CMP Target would be 360.00 to 410.00 and may be beyond.
@Bunty20077 I might have been looking from one point of view earlier, now when I did a deep dive lookout I feel it has some strong potential. Nice job.
Disclaimer: “The above is an idea only and not any kind of financial advice so please do your own DD (Due Diligence) before any kind of investment”.
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Cheers.
ASTRAMICRO is on fire That is perfect typically monthly breakout now price is 294 TRG for that 350/400/450 in very quick time
