ASTRAL trade ideas
Astral bullish sentimentThis is not a financial advise.
The stock is trading near the lower band of an ascending channel. We expect bullish sentiment in the stock from the support and the momentum to continue. It has also taken a support of EMA 200 line.
'buy’ could be above Rs 2,210 with a target of Rs 2,550 and a stop-loss of Rs 2,050.
ASTRAL - A Heikin Ashi trend sequence perfection.Look at candles 1&2
CANDLE 1 - Formation of doji which potentially signals either a pause in the present move or a trend
reversal.
CANDLE 2. Strong green bar with no lower wick to confirm the trend.
Minor resistance at the top, which should break this time.