Aster DM Partial entryHave made a long position in Aster DM.
Took 40% qty of planned trade for this script.
Rest of the quantity will be added on breakout retest area.
ASTERDM
ASTER DM HEALTHCARE LTD - Ascending Triangle Breakout📊 Script: ASTERDM (ASTER DM HEALTHCARE LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY SMALLCAP / NIFTY PHARMA
📊 Sector: Healthcare
📊 Industry: Healthcare Services - Hospital
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Volume is increasing along with price which is volume breakout.
📈 Script is giving breakout of Ascending Triangle.
📈 Current RSI is around 65.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 265.55
🟢 Target 🎯🏆 - 304
⚠️ Stoploss ☠️🚫 - 247
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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#ASTERDM #BAJAJHCARE #MAXHEALTH #LAURUSLABS #NATCOPHARMA #GLAND #ASTERDM
NSE: ASTERDM
CMP: 225
TP: 300
SL: 200
TF: <6m
RR > ~3 times
Return > 33%
THYROCARE CNXPHARMA LUPIN SUNPHARMA SPARC DIVISLAB DRREDDY AUROPHARMA BALPHARMA GLENMARK SANOFI PFIZER BPLPHARMA MARKSANS BIOCON GRANULES IPCALAB LAURUSLABS NATCOPHARM GLAND ALKEM ZYDUSLIFE APOLLOHOSP FORTIS AARTIDRUGS ZYDUSWELL MAXHEALTH BAJAJHCARE
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Aster DM Healthcare BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
ASTER DM LONG TERM 1. Trade as per the levels
2. Nice Small cap can be a multibagger
Hold in your FOlio
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LIKE IF YOU AGREE
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ASTERDMHi guys, this chart is for educational purpose only not for sale... plz do your own analysis too.. Thank Q
Aster DM Healthcare Ltd - 23.12.2021Aster DM Healthcare Ltd - 23.12.2021
The stock is trading @ 178 levels
The price range is tested again
Prices are below EMA
stochastic is oversold in daily chart
let the prices go above 182
watch out for the price action
Aster DM Medium Term Breakout TradeThe stock has broken out and took a support at the previously upper trendline. Trade is supported by brokerage calls and Supports Nearby including 200 EMA.
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zone, 200 EMA and previously Lower Trendline and target is place near swing and channel high.
Note: As the market is under selling pressure, enter only after confirming a reversal.
AsterDM Breakout in a symmetrical Triangle Pattern. It is having potential to reach 167.50 to 169 levels. If break that level it can reach 175
Asterdm - Buy after the breakout in the day CandleBuy Asterdm once there is a breakout in the daily candle.
Long for Swing tradeRSI 14 is above 60, which is showing strong momentum. Trend reversal is seen with a strong bullish candle supported by high volumes. SL 158, if it breaks 180 which is resistance then can show more upside
