ASTRAL - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.8

📊 Technical Overview of Astral Ltd. (ASTRAL)

📉 Trend Analysis

Current Price: ₹1,419

50 DMA: ₹1,471

200 DMA: ₹1,549

Trend Status: The stock is in a downtrend and possibly entering a reversal zone, but no confirmation yet. Price is below both DMAs, indicating bearish bias.

📈 Momentum Indicators

RSI (34.6): Weak — approaching oversold territory, suggesting potential for a technical bounce.

MACD (-14.5): Strongly negative — confirms bearish momentum, but also hints at possible bottoming.

Volume: 4.87L vs 1-week avg of 6.61L — below average, showing lack of conviction from buyers.

📊 Bollinger Bands

Price likely near the lower band, indicating oversold conditions.

Bands are expanding, which reflects increased volatility and continuation of the downtrend.

📈 Moving Averages Summary

Indicator Value (₹) Signal

50 DMA 1,471 Resistance

200 DMA 1,549 Strong Resistance

Current Price 1,419 Below both — bearish

🔍 Support & Resistance Levels

Type Price Range (₹) Notes

Support 1 1,375–1,390 Recent swing low zone

Support 2 1,232 52-week low — critical support

Resistance 1 1,470–1,475 50 DMA zone

Resistance 2 1,550–1,575 200 DMA zone

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹1,375–₹1,390 (on dip near support)

Exit Zone (Short-Term): ₹1,470–₹1,475 (initial resistance), ₹1,550+ (if reversal confirms)

Stop Loss: ₹1,325 (below key support)

📌 Summary

Trend: Downtrend, possibly bottoming

Momentum: Weak, oversold signals emerging

Volume: Low — no strong buying yet

Setup: High-risk accumulation near ₹1,375 for bounce; wait for MACD crossover and RSI > 40 for confirmation

Would you like a comparative technical scan of other building material stocks like Supreme Industries or Finolex to spot sector rotation?

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