Astra Microwave Products Ltd. (1D)
CMP 576.70
- Made New All time High
- Flag & pole Breakout is arround the corner
- Defence Ministry of India is Making Deals for Equipments - positive
SECTOR : Other
INDUSTRY : Defence
MARKET CAP : 5,470.73 cr.
CATEGORY : Small Cap
PE : 84.83
INDUSTRY PE : 30.07
PEG : 31.30
About Company
Astra Microwave...
Silently rising
Huge volume
All time high
Fundamental - company is working in Radar technology. A new generation of semiconductors, made of Gallium Nitride (GaN)- This helps fighter pilot to detect, disrupt and destroy the target.
Huge potential.... Keep a close eye
This november, we saw the stock coming out of a rectangular consolidation!
Now, the stock is consolidating inside a rectangular structure!
Likely breakout is gonna happen on the upside if we keep sustaining above the 200-ema!
Astra microwave has broken its immediate resistance and formed a strong breakout candle on the daily chart frame. Keep it on your radar.#astramicrowave
The idea here is about ASTRA MICROWAVE PR
Mentioned below are the points to be considered
Points as per TA on a Weekly Chart:
1. Daily Candle is an Engulfing Pattern.
2. Cypher Pattern Completed on a Daily Chart.
3. 3.618 FIB Reached from AB Leg Distance.
4. Price is way Above 20 EMA.
5. Kumo Breakout & |Twist on a Daily chart is strong.
6. MACD Crossed over...
Waiting Breakout in NSE:ASTRAMICRO
Breakout and sustain above 295 on Daily is required to enter.
Long wick at 294 says that stock has a good resistance at 295 level. Hence closing is important
ASTRAMICRO NSE is bullish if 285 holds. New Lifetime High. Fresh Breakout. Positive Trend.
Disclaimer: Educational Purpose Only. Not Buy Sell Reco . Not Sebi Registered.
Can Buy ASTRA MICROWAVE above 180 SL 155.Follow proper qty management. Looks multiyear breakout
This is view not recommendation kindly contact your financial advisor before making any decision .
