ASTRAL - 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 Astral Ltd. (ASTRAL)

📊 Trend Overview

Current Trend: The stock is in a short-term uptrend but still recovering from a broader downtrend. Price action shows a bounce from the ₹1,232 low, with current levels testing resistance near the 200-DMA.

Price Action: Trading at ₹1,462, above the 50-DMA (₹1,431) but just below the 200-DMA (₹1,507), indicating a potential breakout setup if momentum sustains.

📈 Momentum Indicators

RSI (56.7): Bullish-neutral zone. Indicates improving buying interest but not yet overbought.

MACD (15.4): Positive crossover, confirming bullish momentum and trend continuation.

Volume: Current volume (4.69L) is slightly below the 1-week average (5.05L), suggesting moderate participation. A volume spike would strengthen the breakout potential.

📉 Volatility & Bands

Bollinger Bands: Price is approaching the upper band, signaling strength. A breakout above ₹1,475–₹1,500 with volume could trigger a rally toward ₹1,600+.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 1,420 – 1,440 Near 50-DMA and recent swing low

Resistance 1,500 – 1,525 200-DMA and psychological barrier

Breakout 1,530+ Above this, next target is ₹1,600 – ₹1,680

🎯 Entry & Exit Strategy

Optimal Entry: ₹1,440 – ₹1,460 (on dips with bullish confirmation)

Exit Zone: ₹1,525 – ₹1,530 (partial profit booking); ₹1,600+ (final resistance)

Stop Loss: ₹1,415 (below 50-DMA)

🔍 Summary

Trend: Trending upward with breakout potential

Momentum: Strengthening signals from RSI and MACD

Volume: Slightly below average, but trend remains intact

Outlook: Positive; watch for sustained move above ₹1,500 with volume for next leg up

Let me know if you'd like to compare ASTRAL with other building materials or plastic piping stocks showing similar setups.

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