Astral Ltd has broken out of a long-term falling trendline, indicating a potential shift from bearish to bullish momentum. Price is trading above the safe entry level of ₹1,453 and holding strong. Sustaining above ₹1,514 may confirm further upside targets.
📌 Key Technical Highlights:
Pattern: Downtrend Breakout
Safe Entry: Above ₹1,453
Stay Invested Above: ₹1,514
Resistance turned Support: ₹1,590
Volume strength will be key for confirmation
🎯 Upside Target Levels:
Target 1: ₹1,662
Target 2: ₹1,724
Target 3 (Reversal Zone): ₹1,770 – ₹1,812
Swing Target: ₹1,949
⚠️ Downside Risk Levels (if breakout fails):
₹1,411
₹1,369
₹1,316
₹1,234
📈 Strategy Outlook:
A positional buying opportunity emerges above the breakout zone. Traders may consider entering above ₹1,453 with a stop-loss below ₹1,411. Holding above ₹1,514 adds confidence for higher upside targets.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Do your own research before trading or investing.
📌 Key Technical Highlights:
Pattern: Downtrend Breakout
Safe Entry: Above ₹1,453
Stay Invested Above: ₹1,514
Resistance turned Support: ₹1,590
Volume strength will be key for confirmation
🎯 Upside Target Levels:
Target 1: ₹1,662
Target 2: ₹1,724
Target 3 (Reversal Zone): ₹1,770 – ₹1,812
Swing Target: ₹1,949
⚠️ Downside Risk Levels (if breakout fails):
₹1,411
₹1,369
₹1,316
₹1,234
📈 Strategy Outlook:
A positional buying opportunity emerges above the breakout zone. Traders may consider entering above ₹1,453 with a stop-loss below ₹1,411. Holding above ₹1,514 adds confidence for higher upside targets.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Do your own research before trading or investing.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.