ASTERDM - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.0

Here’s a detailed technical analysis of Aster DM Healthcare Ltd. (ASTERDM)

📊 Trend Overview

Current Trend: The stock is in a short-term uptrend with signs of consolidation near resistance. Price has rebounded from its low of ₹386 and is now stabilizing near the ₹614 level.

Price Action: Trading above both the 50-DMA (₹607) and 200-DMA (₹539), indicating bullish momentum. However, the proximity to its recent high of ₹675 suggests potential resistance ahead.

📈 Momentum Indicators

RSI (47.9): Neutral zone, showing indecision. Not yet bullish, but also not oversold.

MACD (4.85): Positive crossover, indicating early bullish momentum. However, the slope is flattening, hinting at possible consolidation.

Volume: Current volume (16.5L) is significantly higher than the 1-week average (7.49L), showing strong participation, which supports the recent upward move.

📉 Volatility & Bands

Bollinger Bands: Price is near the upper band, suggesting strength. A breakout above ₹620 with volume could trigger a rally toward ₹650+.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 590 – 605 Near 50-DMA and recent swing low

Resistance 620 – 640 Previous rejection zone and psychological barrier

Breakout 645+ Above this, next target is ₹660 – ₹675

🎯 Entry & Exit Strategy

Optimal Entry: ₹600 – ₹610 (on dips with bullish confirmation)

Exit Zone: ₹640 – ₹645 (partial profit booking); ₹660+ (final resistance)

Stop Loss: ₹585 (below 50-DMA)

🔍 Summary

Trend: Trending upward with consolidation

Momentum: Mildly bullish signals from MACD; RSI neutral

Volume: Surging, confirming strength

Outlook: Positive; watch for breakout above ₹620 with volume for next leg up

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