Astral’s stock has been on a steady uptrend for the past three weeks. It bounced off the support at ₹ 1,250 and Establed an uptrend. While there has been some moderation in price in the last two sessions, the broader uptrend is intact. We expect the stock to resume the rally to ₹ 1,700 in the short-term.
Video Credit: Akhil Nallamuthu
On the way up, there might be some consolidation Around ₹ 1,600, a potential hurdle. But then can surpass this Level and Rise to ₹ 1,700. So, traders can buy astral’s stock at ₹ 1,500 and ₹ 1,470. Place Stop-Loss at ₹ 1,390. When the stock rises to ₹ 1,600, Trail the stop-level ₹ 1,540. On a rally to ₹ 1,650, tighten the stop-level ₹ 1,600. Book Profits at ₹ 1,700.
(Note: the recommendations are based on technical analysis. There is a risk of loss in trading.)
Published on May 30, 2025