Astral buying opportunity for swing
Stock: Astral Pipes
CMP : 1910
Fundamentals:
Good YOY Growth.
Good ROE (18%) AND ROCE (24.8%).
Company is almost debt free.
Company has delivered good profit growth of 21.0% CAGR over last 5 years.
High P/E ratio (Only Negative point)
Technical:
Astral is currently consolidating on support and might breakout from here.
Other factors that indicate a possible upside move:
1) RSI 43 indicating neither overbought nor oversold stock.
2) Trend line Support
3) Reversal from 50 EMA like last time
4) Morning star formation on support
Target in near future:
T1: 1950
T2: 2000
T3: 2050
Entry: Crossing above morning star green candle on daily chart
Stop Loss: On break of support.
CMP : 1910
Fundamentals:
Good YOY Growth.
Good ROE (18%) AND ROCE (24.8%).
Company is almost debt free.
Company has delivered good profit growth of 21.0% CAGR over last 5 years.
High P/E ratio (Only Negative point)
Technical:
Astral is currently consolidating on support and might breakout from here.
Other factors that indicate a possible upside move:
1) RSI 43 indicating neither overbought nor oversold stock.
2) Trend line Support
3) Reversal from 50 EMA like last time
4) Morning star formation on support
Target in near future:
T1: 1950
T2: 2000
T3: 2050
Entry: Crossing above morning star green candle on daily chart
Stop Loss: On break of support.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.