ASTRAMICRO 1 Day View

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๐Ÿ“ˆ Current Market Overview

Current Price: โ‚น1,132.50

Dayโ€™s Range: โ‚น1,081.30 โ€“ โ‚น1,144.00

Previous Close: โ‚น1,085.00

Volume: 517,982 shares

VWAP: โ‚น1,123.74

52-Week Range: โ‚น584.20 โ€“ โ‚น1,195.90

The stock has gained approximately 4.77% today, outperforming the broader market indices, with the BSE Sensex down 0.50% and the Nifty 50 down 0.45%

๐Ÿ” Technical Analysis (1-Day Timeframe)

Trend: The stock is in a strong uptrend, forming higher highs and higher lows on the daily chart.

Oscillators: Indicators suggest a bullish momentum, with a "buy" signal prevailing.

Support Levels: The immediate support is around โ‚น1,081.30.

โœ… Conclusion

Astra Microwave Products Ltd is currently in a bullish phase on the 1-day timeframe, supported by positive technical indicators and moving averages. However, given the stock's proximity to resistance levels and high volatility, it's advisable to monitor for a breakout above โ‚น1,144.00 for potential further gains. Traders should also consider setting a stop-loss around โ‚น1,034.16 to manage risk effectively.

Penafian

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