ASTRAL trade ideas
ASTRAL - ROUNDING BOTTOM📊 Script: ASTRAL (ASTRAL LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500
📊 Sector: Capital Goods
📊 Industry: Plastic Products - Industrial
📈 ASTRAL is going to break the resistance and forming round bottom.
📈 MACD is already in positive crossover.
📈 Already crossover at Double Moving Average.
📈 Right now RSI is around 80.
✅ Buy above - 2000
🟢 Target 🎯🏆 - 2215
⚠️ Stoploss ☠️🚫 - 1900
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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ASTRAL - Trend Analysis - 27th JulyASTRAL - Trend Analysis - 27th July
NSE: ASTRAL has formed a lower highs and higher lows. Open interest data is neutral
Wait for a 15 mins candle to close above 1767 or below 1714 with stop loss of the other end of the candle.
Target for 1:1 or 1:2 risk reward ratio
Disclaimer:
This is for educational purpose.
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Simple Trade Setup | ASTRAL | 18-04-2022 [INTRADAY]NSE:ASTRAL
Trade Setup for 18-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Astral my views on Astral
Pros
MFI 80 and %B > 80 suggest strong overbought move in stock.
VWAP,Alligator, ADX, RSI, MACD - all indicator show BUY position.
Breakout given with strong volume on 4th Jan
High and increasing FII holding
Cons:
P/B of Astral is around 25 which is very high in its segment.
My Strategy:
No fresh entry.
if in portfolio, hold with trailing stop loss
if 2470 is broken with strong volume then momentum to continue upwards
Else stock will test 2375 or lower.
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.