Breakout and consolidation in an uptrend. The volume in consolidation is less. After breakout above the slanting trendline, the uptrend is likely to continue.
📊 Pattern: Rising Wedge
📌 Symbol/Asset: Aster DM Healthcare
🔍 Description: Stock can touch lows of ~287 in the coming days
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Aster DM came on my chart 2 weeks before, however, this week the breakout is confirmed. This is a MNC and have a very good management. Healthcare sector is in boom and the stock is currently trading in blue sky. Target and SL is amended as per todays weekly close.
CMP - 282 W (5/11/22)
T - 360 W
SL - 255 W
Private Healthcare :-
Emerging player in India through its network of 27 hospitals, 120 clinics, 371 pharmacies, 14 labs & 100 patient experience centers as on March 31, 2022
Market Cap ₹ 13,212 Cr.
Debt to equity 1.37
Stock P/E 24.0
Price to book value 3.69
Pledged percentage 10.4 %
Target as mentioned in chart
This chart came on my chart on 15 July 22 when it was trading @213 . Today I am recommending to average this stock again @ 268 . The chart is looking more strong and it is worth adding more. Now one should add more for the targets of 360, 460 and 530 on weekly basis . There will be resistances in this journey but one should hold this stock with faith and...
Whenever stock moves in particularly range for a few year, week or days it called DARVAS BOX.
once price decided to break box then gets good price movement it would be upper side or lower side.
BUY #ASTERDM STOCK PRICE @ 194.70 28% ROI EXPECTED
Buy Entry @ 194.70
Target @ 231.05
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