Astral Poly Technik Ltd was established in 1996, with the aim to manufacture pro-India plumbing and drainage systems in the country. It has also forayed into adhesive business over years.
Fundamentally good counter to go for long-term
Technically - Wait for breakout from INVERSE HEAD and SHOULDER PATTERN , TARGETS and STOP LOSS MENTIONED in CHART
Market...
🔍 Chart Analysis: ASTRAL - Monthly Time Frame 📈
🚀 Monthly Range Box Breakout!
📉 After 7 months of trading in a tight range, Astral has finally broken out on the monthly time frame! 📊 This breakout suggests a potential opportunity for an upside move and profitable gains. 📈
🔥 Trade Setup:
CMP (Current Market Price): 2069 💹
SL (Stop Loss): 1890 🛑
Targets: 2355 🎯,...
Here i have analysed ASTRAL for a longer term point of view.
The company is good to invest for a longer term prospective.
The company is maintaining healthy dividend payout.
Company's fundamentals are good.
Also take the past ten year growth trajectory.
NSE:ASTRAL
Astral Poly Technik Ltd: Pioneering the Indian Plumbing and Adhesive Industry
Established in 1996, Astral Poly Technik Ltd set out with a vision to manufacture pro-India plumbing and drainage systems. Over the years, it has expanded into the adhesive business, marking its territory across multiple domains.
Historical Milestones
Astral has emerged...
ASTRAL 2HR chart formed Channel pattern 0r Wedge pattern
Today 12.03.2024 Narrow CPR so many have high probability in high movement in stock in either direction due to price in top channel pattern,
if price breaks the trend line movement will takes to New high in price
Target 1 ---> 18%
Target 2 ---> 50%
Target and SL mentioned in chart
OLD CHART
New Products and Expansion:
Paint business gearing up for new products and Astral brand launch in a phased manner
Bathware business showing quarter-on-quarter improvement with increasing sales
Capacity expansion plans for Hyderabad and Kanpur plants with timelines and estimated CAPEX provided
FUNDAMENTALS ...
Box Breakout Done .
Huge Accumulation Done.
Good for Short term and Long term.
Target 2400 , 3000 ...
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Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
The Market is heavy sell side but it will take a breath and follow the fall
As per price action formation has been made in 1 week TF.
Its a very big move.
Always check the sentiments of the market as per technical analysis, if the pattern get its respect.
Best of luck to all traders.
You are responsible for your Profits and loss, Shared for Educational purpose
