ASTRAL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.6

Technical Analysis Report

• Trend Status: Consolidating
• Moving Averages: Price (₹1,477) is above 50 DMA (₹1,430) but slightly below 200 DMA (₹1,487), indicating short-term strength with long-term caution
• RSI (55.4): Mild bullish momentum
• MACD (10.3): Positive crossover, suggesting upward momentum
• Bollinger Bands: Price near mid-band, indicating consolidation with breakout potential
• Volume: Slightly below average (4.04L vs 4.47L), showing moderate participation
• Support Zones: ₹1,430, ₹1,400
• Resistance Zones: ₹1,500, ₹1,550
• Entry Zone: ₹1,430–₹1,470 (near support)
• Exit Zone: ₹1,500–₹1,550 (near resistance)

Positive

• MACD and RSI indicate short-term bullish momentum
• Price above 50 DMA shows recent strength
• Strong ROCE (22.3%) and ROE (16.4%) reflect solid operational performance
• Low debt-to-equity ratio (0.03) indicates financial discipline
• DII holding increased by 2.78%, showing domestic institutional confidence

Limitation

• Price below 200 DMA suggests long-term caution
• Volume slightly below average, indicating weak conviction
• High P/E (74.2) and PEG (11.7) imply overvaluation

Company Negative News

• Quarterly PAT declined from ₹190 Cr to ₹96.6 Cr (-24.6%)
• FII holding dropped by 3.54%, reflecting cautious foreign sentiment

Company Positive News

• EPS of ₹19.9 supports earnings visibility
• Stock has gained 38.4% from its 52-week low

Industry

• Building materials and piping solutions sector benefits from infrastructure and real estate growth
• Industry P/E of 23.2 suggests ASTRAL trades at a significant premium

Conclusion

• ASTRAL is in a consolidation phase with short-term bullish signals and long-term caution
• Entry near ₹1,430–₹1,470 offers a tactical opportunity
• Exit near ₹1,500–₹1,550 is ideal for short-term gains
• Investors should monitor volume and moving averages for confirmation of trend continuation or reversal