ASTRAL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.2
| Stock Code | ASTRAL | Market Cap | 43,008 Cr. | Current Price | 1,598 ₹ | High / Low | 1,769 ₹ |
| Stock P/E | 68.8 | Book Value | 153 ₹ | Dividend Yield | 0.23 % | ROCE | 22.6 % |
| ROE | 16.2 % | Face Value | 1.00 ₹ | DMA 50 | 1,559 ₹ | DMA 200 | 1,529 ₹ |
| Chg in FII Hold | -0.71 % | Chg in DII Hold | 1.73 % | PAT Qtr | 239 Cr. | PAT Prev Qtr | 139 Cr. |
| RSI | 57.2 | MACD | -6.24 | Volume | 4,91,992 | Avg Vol 1Wk | 7,28,887 |
| Low price | 1,263 ₹ | High price | 1,769 ₹ | PEG Ratio | 5.70 | Debt to equity | 0.02 |
| 52w Index | 66.3 % | Qtr Profit Var | 25.9 % | EPS | 22.7 ₹ | Industry PE | 20.8 |
- 📈 Chart Patterns: The stock is consolidating between 1,560–1,620 ₹, with resistance near 1,650 ₹ and support around 1,550 ₹. Trendlines suggest sideways movement with mild bullish bias.
- 📊 Moving Averages: Current price (1,598 ₹) is above both 50 DMA (1,559 ₹) and 200 DMA (1,529 ₹), indicating medium-term strength.
- 📉 RSI: At 57.2, RSI is moderately bullish but not overbought.
- 📈 MACD: Slightly negative (-6.24), showing short-term weakness despite overall consolidation.
- 📊 Bollinger Bands: Price is near the mid-band, suggesting limited volatility and range-bound trading.
- 📊 Volume Trends: Current volume (4,91,992) is lower than average (7,28,887), indicating reduced participation and possible consolidation.
- 📌 Momentum Signals: Entry zone around 1,560–1,580 ₹; exit zone near 1,650–1,680 ₹.
- 🔄 Trend Status: Consolidating with mild bullish undertone.
Positive
- Strong ROCE (22.6%) and ROE (16.2%) support fundamentals.
- PAT growth (239 Cr. vs 139 Cr.) shows strong quarterly recovery.
- Price above both 50 DMA and 200 DMA confirms medium-term strength.
Limitation
- MACD negative, signaling short-term weakness.
- FII holding decreased (-0.71%), showing reduced foreign investor confidence.
- High P/E (68.8) compared to industry PE (20.8) suggests overvaluation.
Company Negative News
- Elevated valuation multiples may limit upside.
- Lower trading volume compared to average indicates weaker momentum.
Company Positive News
- Strong quarterly profit growth (+25.9%).
- DII holding increased (+1.73%), showing domestic institutional support.
Industry
- Industry PE at 20.8 highlights sector is moderately valued, making ASTRAL relatively expensive.
Conclusion
ASTRAL is consolidating with mild bullish bias. Entry near 1,560–1,580 ₹ offers favorable positioning, with exit targets around 1,650–1,680 ₹. Strong fundamentals and profit growth support medium-term strength, but high valuation and weak MACD signal caution for aggressive entries.
Would you like me to extend this into a swing trade outlook with medium-term price targets, or refine it into intraday trading signals for sharper entries and exits?