ASTRAL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 3.3

📊 Chart Patterns: ASTRAL is trading below both its 50 DMA (1,447 ₹) and 200 DMA (1,480 ₹), reflecting short-term weakness. Current price (1,420 ₹) is near support at 1,400–1,420 ₹, with stronger support at 1,232 ₹ and resistance around 1,447–1,480 ₹.

📈 Moving Averages: Price below both averages indicates bearish bias. Sustained move above 1,480 ₹ is required for reversal.

📉 RSI: At 43.1, RSI is neutral-to-weak, suggesting limited momentum but not oversold.

📉 MACD: Negative at -12.0, confirming bearish momentum in the short term.

📊 Bollinger Bands: Price is near the lower band, indicating mild oversold conditions and possible mean reversion.

📊 Volume Trends: Current volume (4,56,286) is close to average weekly volume (4,64,351), showing steady but cautious participation.

📌 Momentum Signals: Short-term bounce possible from 1,400–1,420 ₹ support, but trend remains weak unless price sustains above 1,447–1,480 ₹.

🎯 Entry Zone: 1,400–1,420 ₹ (near support, neutral RSI).

🎯 Exit Zone: 1,447–1,480 ₹ (short-term resistance), extended resistance at 1,600–1,650 ₹.

🔎 Trend Status: Currently consolidating with bearish bias. Reversal requires breakout above 1,480–1,600 ₹.

Positive

• Strong ROCE (22.3%) and ROE (16.4%) highlight efficient capital use.
• Quarterly PAT improved significantly (150 Cr. vs 96.6 Cr.).
• DII holdings increased (+2.78%), showing domestic institutional support.
• Low debt-to-equity ratio (0.03) ensures financial stability.

Limitation

• High P/E ratio (67.8) compared to industry PE (23.4), indicating expensive valuation.
• PEG ratio of 10.7 suggests poor valuation relative to growth.
• Price trading below both 50 DMA and 200 DMA.
• FII holdings decreased (-3.54%), showing reduced foreign investor confidence.

Company Negative News

• Stock has corrected from its 52-week high (1,796 ₹ to 1,420 ₹).
• Valuation remains stretched compared to industry peers.

Company Positive News

• Quarterly profit growth (+22.6%) shows operational improvement.
• DII holdings increased, reflecting domestic institutional confidence.
• Strong fundamentals with high ROCE and ROE.

Industry

• Industry PE at 23.4 is much lower than ASTRAL’s P/E, highlighting premium valuation.
• Pipes and building materials sector outlook remains positive with demand growth in infrastructure and housing.

Conclusion

⚖️ ASTRAL is consolidating near support with weak short-term momentum. Traders may consider entry around 1,400–1,420 ₹ with exit near 1,447–1,480 ₹. Long-term investors should be cautious of stretched valuations but can hold for potential breakout above 1,480–1,600 ₹ for extended gains.