ASTRAL Long OpportunityWe can go long from 2200 - 2250. Here is strong institutional buying zone.
Trade at your own risk.
I am not SEBI Registered.
ASTRAL trade ideas
Uptrend - 2 year breakoutBased on resistance and support levels, price breaking parallel range above 2 year resistance supporting rejection and retracement. further upward move is expected ( if price stays above 2164 ) to 14%-15% price apprx. 2500.
*only checking buying position, no short selling
!!Personal views only. please do your own research!!
Astral LtdTarget and SL mentioned in chart
OLD CHART
New Products and Expansion:
Paint business gearing up for new products and Astral brand launch in a phased manner
Bathware business showing quarter-on-quarter improvement with increasing sales
Capacity expansion plans for Hyderabad and Kanpur plants with timelines and estimated CAPEX provided
FUNDAMENTALS
Market Cap
₹ 55,968 Cr.
Current Price
₹ 2,084
52 Week High / Low
₹ 2,129 / 1,298
Stock P/E
99.2
Book Value
₹ 108
Dividend Yield
0.15 %
ROCE
23.6 %
ROE
17.9 %
Face Value
₹ 1.00
Price to book value
19.3
Intrinsic Value
₹ 476
PEG Ratio
4.71
Price to Sales
10.1
Debt
₹ 97.8 Cr.
Debt to equity
0.03
Int Coverage
31.8
Reserves
₹ 2,875 Cr.
Promoter holding
54.1 %
Pledged percentage
0.00 %
EPS last year
₹ 17.0
Net CF
₹ -112 Cr.
Price to Cash Flow
100
Free Cash Flow
₹ 247 Cr.
OPM last year
15.7 %
Return on assets
12.1 %
Industry PE
31.6
Sales growth
9.51 %
A stock which refuses to come down : AstralA fundamentally good company is running with good momentum. A healthy bull run with consolidation in between too. The upmove remains intact with support of volumes and DMI indicating there is still potential strength in the bullish momentum.
My view is to buy with an open target and SL trailing with the EMA
Astral positional strategyEntry:
Look for stocks, including Astral Ltd. (NSE), that recently crossed their 52-week high. This suggests potential upward momentum.
Stop Loss:
Place a stop-loss order 8% below the entry price. This limits your potential downside if the price moves against you.
Target:
Aim for a profit target of more than 15% above the entry price. This offers a good reward-to-risk ratio (assuming an 8% stop loss).
Additional Considerations:
Confirmation: While the stock crossing its 52-week high is a good starting point, consider additional confirmation for the uptrend. This could include technical indicators like moving averages or relative strength index (RSI) showing upward movement.
Volatility: Be aware of the stock's typical price volatility. An 8% stop loss might be too tight for a highly volatile stock, potentially leading to unnecessary exits.
Risk Management: This strategy focuses on a single price target. You can consider a trailing stop-loss to lock in profits as the price moves up or take partial profits at specific intervals.
Backtesting: Before deploying this strategy with real capital, consider backtesting it on historical data to assess its effectiveness and tweak parameters like stop loss and target percentages.
Disclaimer: This is a basic strategy and should not be considered financial advice. Always do your own research before making any investment decisions.
27-05-2024 - Stocks for intradayAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts.
Disc - Am not a SEBI registered analyst. Please do your own analyses before taking position. Details provided on chart is only for educational purposes and not a trading recommendation
ASTRAL 1DayRetest is observed.
Good up move is expected.
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I Am Not SEBI Registered Analyst. All Post and Levels Posting is only for educational and knowledge purpose. I Am not responsible for your any kind of loss or profit.
No Claim, All Rights Reserved.‼️
ASTRAL Flag Pole BreakoutASTRAL Flag Pole Breakout
T1 - 58%
T2 - 213%
Breakout strategy seen with moderate Volume Increase
breakout at all time high. C&H Breakout of Astral at all time level
Good consolidation before breakout.
Buy above 2150
SL 2120
Target 2400
BREAKOUT BUY TRADE ASTRALBreakout at all time high. All the buy levels with SL and Target are mentioned in Chart.
Astral breaking out Astral breaking out of long term ascending triangle, moving in a channel.
Short term targets 2575, 2900.
SL 1900
Breakout in Astral10-05
The candle made is a strong bullish candle which is attempted breakout.
can buy with open targets
#educational purpose only
My view on AstralAstral forming
Head & Shoulder pattern
Looking weak below 1940-45
Tgt looking 1900-1880-1850++
in very short term
Keeping on radar Astral 1960 PE
AstralAstral 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.
Fundamentally good counter to go for long-term
Technically - Wait for breakout from INVERSE HEAD and SHOULDER PATTERN , TARGETS and STOP LOSS MENTIONED in CHART
Market Cap
₹ 38,882 Cr.
Current Price
₹ 1,448
Stock P/E
100
Book Value
₹ 90.3
Dividend Yield
0.16 %
ROCE
29.6 %
ROE
22.6 %
Face Value
₹ 1.00
Promoter holding
55.8 %
EPS last year
₹ 18.1
EPS latest quarter
₹ 3.46
Debt
₹ 95.4 Cr.
Pledged percentage
0.00 %
Net CF
₹ 571 Cr.
Price to Cash Flow
71.6
Free Cash Flow
₹ 198 Cr.
Debt to equity
0.04
OPM last year
17.2 %
OPM 5Year
17.2 %
Reserves
₹ 2,406 Cr.
Price to book value
16.0
Int Coverage
14.0
PEG Ratio
3.72
ASTRAL MONTHLY BOX BREAKOUT🔍 Chart Analysis: ASTRAL - Monthly Time Frame 📈
🚀 Monthly Range Box Breakout!
📉 After 7 months of trading in a tight range, Astral has finally broken out on the monthly time frame! 📊 This breakout suggests a potential opportunity for an upside move and profitable gains. 📈
🔥 Trade Setup:
CMP (Current Market Price): 2069 💹
SL (Stop Loss): 1890 🛑
Targets: 2355 🎯, 2652 🚀
🌈 What's a Range Box Breakout?
Imagine a coiled spring 🔄 - that's what we've been seeing in Astral's chart for the past 7 months! Now, with this breakout, the potential for an explosive move to the upside is on the horizon.
🚨 Trade Strategy:
📈 Confirm the breakout on the monthly chart.
⚖️ Set your stop-loss strategically at 1890.
🎯 Targets locked at 2355 and 2652.
💡 Why is this noteworthy?
📊 Breakouts from tight ranges often lead to substantial moves.
🚀 Monthly time frame signals a potentially significant trend change.
📉 Opportunity to ride the upward momentum for profitable gains!
📈 Disclaimer: Trading involves risk. Always do your research and utilize risk management. Not a SEBI registered analyst.
👉 Your take? Excited about this breakout potential? Share your insights below! Let's engage and learn together! 🤝💬
#ChartAnalysis #StockMarket #TechnicalAnalysis #Astral #TradingOpportunity #BreakoutAlert 📊✨
ASTRAL is good to invest for a longer termHere i have analysed ASTRAL for a longer term point of view.
The company is good to invest for a longer term prospective.
The company is maintaining healthy dividend payout.
Company's fundamentals are good.
Also take the past ten year growth trajectory.
ASTRAL 2HR chart formed Channel pattern 0r Wedge patternASTRAL 2HR chart formed Channel pattern 0r Wedge pattern
Today 12.03.2024 Narrow CPR so many have high probability in high movement in stock in either direction due to price in top channel pattern,
if price breaks the trend line movement will takes to New high in price
Target 1 ---> 18%
Target 2 ---> 50%
ASTRAL BREAKOUT Box Breakout Done .
Huge Accumulation Done.
Good for Short term and Long term.
Target 2400 , 3000 ...
Do Follow , Like ,Comment for regular updates...
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
ASTRAL LTDThis stock breakout consolidation and ATH level breakout so further up move will come
and this is just for Educational purpose only
ASTRAL- FLAG & POLE ATH BreakoutASTRAL has given a flag & pole ATH Breakout in weekly time frame. Its looking good for a short term swing target of 2400.
