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ASTRAL trade ideas

Astral: Attempting to Catch the Bottom!🚀 Astral: Attempting to Catch the Bottom! 🚀 Current Market Price: 1822 Stop Loss: 1700 Targets: 1920, 2020 Astral is positioned at a long-term support level and the critical 61.8% Fibonacci retracement level. These levels are historically strong zones for potential bounces, making it an exciting opportunity for bottom-fishing. 📈 Strategy: Create positions in a staggered manner to minimize risk. Momentum could accelerate above 2164, which is the 61.8% level from the bounce point. 📉 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions. #Astral #TechnicalAnalysis #FibonacciLevels #SupportZone #InvestmentOpportunities #MarketMomentum
NSE:ASTRALLong
by satyam15
Astral Pipes: Is This a Buying Opportunity After a 35% Drop?The current price of Astral Pipes is ₹1630, with net income showing volatility but limited growth. A demand zone at ₹1530 has historically triggered trend reversals. Ideal buy levels are ₹1330 and ₹1180, where stronger support exists. **Technical Overview** - **Far below the 200-day moving average**: Indicates bearish momentum with room for reversal. - **RSI is oversold**: Suggests selling pressure is nearing exhaustion. **Additional Factors** - **Post-Monsoon Recovery**: Construction activity typically increases after the rainy season, boosting demand. - **Economic Tailwinds**: Improved macro conditions could drive infrastructure and housing growth, favoring Astral's product demand. - **Commodity Price Impact**: Falling raw material costs (PVC resin) may improve margins. - **Industry Position**: Astral's market leadership and brand strength offer resilience once demand returns. **Strategy** - **Buy near ₹1330 and ₹1180** for better risk-reward. - **Stop-loss**: Not applicable; I would consider this a buying opportunity if fundamentals and management guidance remain strong. - **Monitor earnings and management guidance** for signs of margin improvement and demand recovery.
NSE:ASTRALLong
by deepanshusuman
DEEPAKNTR : Potential recovery aheadTechnical Analysis of Deepak Nitrite Ltd. (DEEPAKNTR) - Daily Chart 📉📊 🚀 A detailed dive into the technicals of DEEPAKNTR to identify key levels, potential zones, and actionable insights for traders and investors! Overview: The daily chart of Deepak Nitrite highlights critical price zones, offering insights into strategic entry and exit points. Let’s decode the price action and trend! Key Levels and Zones: 🔹 Current Price: ₹2,571.25 (-₹30.65 | -1.18%) Support and Buying Zones: 🟢 First Buy Zone (Optimal Trader Zone): ₹2,546 - ₹2,602 Potential entry point for traders seeking short-term price movement. 🟢 Second Buying Zone: ₹2,386 - ₹2,431 Secondary entry level for long-term investors aiming for a safer risk-reward balance. Target Zones: 🎯 Options/Swing Target: ₹2,800 - ₹2,828 Medium-term target for swing traders and options positions. 🎯 Ultimate Target Zone: ₹3,018 Indicates a significant bullish breakout if reached. Stop Loss: 🚫 Price: ₹2,261.20 A critical level to invalidate the bullish setup, ensuring risk management. 📋 Additional Insights: 📉 Change of Character (CHoCH): Two instances of CHoCH on the chart signal potential trend reversals or sentiment shifts. 📊 Wave B Retracement Zone: Highlighted in gray, this zone marks a corrective phase, possibly consolidating before the next bullish impulsive move. Educational Note: Always focus on identifying key levels, setting a stop loss, and using technical indicators like CHoCH and retracement zones to enhance decision-making. Patience and discipline in trading can yield favorable results. 📢 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk, and you should conduct thorough research or consult a financial advisor before making any decisions. #DeepakNitrite #TechnicalAnalysis #TradingPlan #StockMarket #Investment
NSE:ASTRALLong
by LiveTradingBox
ASTRAL : what is in pipeline next?Technical Analysis of Astral Ltd. (ASTRAL) - Daily Chart 📊 Overview: The daily chart of Astral Ltd. reveals a sideways trading pattern with prices consolidating within a defined range. Here's a breakdown of key technical levels and potential trade setups: Key Levels and Zones: 🔹 Current Price: ₹1,711.00 Support and Buying Zones: First Buy Zone: ₹1,686 - ₹1,709 Second Buy Zone: ₹1,545 - ₹1,488 Target Zone: Target Price Range: ₹2,083 - ₹2,140 Stop Loss: Price: ₹1,440 (on the daily chart) 📉 Chart Analysis: Wave Patterns: The chart identifies a series of wave patterns, including: Wave A: Marks the initial low point. Wave B: The subsequent high following Wave A. Wave C: Indicates a lower point after Wave B, completing a corrective wave pattern. CHoCH (Change of Character): Marks a potential reversal or significant change in trend, indicated at critical levels. Deep Retracement Zone: The area between ₹1,645.60 and ₹1,545.55 acts as a strong support level, highlighting a potential accumulation zone. Volume Bars: High-volume bars at the chart's bottom indicate increased trading activity. Projected Price Movements: Green trend lines show potential upward price movements and corrections, aligning with the wave structure. 📋 Trade Plan: Entry Point: Enter a long position in the First Buy Zone (₹1,686 - ₹1,709) . Alternatively, consider the Second Buy Zone (₹1,545 - ₹1,488) for a deeper retracement entry. Target: Aim for the Target Zone (₹2,083 - ₹2,140) . Stop Loss: Place a stop loss at ₹1,440 to minimize risk. Conclusion: Astral Ltd.'s daily chart highlights crucial support and resistance levels, offering potential entry and exit points. Traders should carefully monitor price action within the defined zones to seize profitable trading opportunities with a favorable risk-reward ratio. 📢 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct thorough research and consult a qualified financial advisor before making any investment decisions. #AstralLtd #TechnicalAnalysis #TradingPlan #StockMarket #Investment
NSE:ASTRALLong
by LiveTradingBox
ASTRAL S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:ASTRAL
by zenthosh
Positional trade setup for Astral LtdThe chart for Astral Ltd. shows a potential reversal pattern after a prolonged downtrend, where the price has bounced off a key support level near ₹1850-1900. This level acted as strong support, and the stock is showing signs of recovery with recent bullish candles indicating renewed buying interest. Observations: Support Zone: The stock has tested and respected a strong support zone near ₹1850, which coincides with a recent bottom formation. Recovery Signal: A bullish momentum is visible as the stock has crossed back above the ₹2000 level, with a notable upward move. Positional Trade Setup: Entry: Aggressive Entry: Buy at the current levels of ₹2025 since the stock is in an upward trend from the support zone. Conservative Entry: Wait for a slight pullback towards the ₹1950-2000 range for a better entry after a potential retest of the breakout level. Target: First Target (T1): ₹2250-2300, based on previous swing highs and resistance levels. Second Target (T2): ₹2450-2500, if the stock continues its upward momentum. Stop Loss: Place a stop loss just below the recent support at ₹1850, which would invalidate the bullish setup if broken. Timeframe: This is a positional trade setup, so it could take a few weeks to a couple of months for the targets to be achieved, depending on market momentum. Risk Management: Position Size: Use moderate position sizing considering the stop loss is around ₹170 below the current price, offering a decent risk-to-reward ratio. Trailing Stop Loss: Once the stock reaches ₹2200, you can move your stop loss to ₹2000 to lock in some gains. Summary: Entry: Buy at ₹2025 (current level) or on a pullback to ₹1950-2000. Stop Loss: ₹1850. Targets: ₹2250-2300 (T1) and ₹2450-2500 (T2). This trade setup takes advantage of the bounce from key support, with the potential for a continued upside if the overall market remains bullish.
NSE:ASTRALLong
by RajputAmarjit
NSE:ASTRAL Ltd's -Abki bar breakout ke liye Tayar 🌋???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 as a frontrunner in the CPVC pipes and fittings sector in India. It pioneered the introduction of lead-free PVC pipes in 2004 and brought lead-free uPVC column pipes to the market in 2012. The company's strategic move into the adhesives space occurred in 2014, with the acquisitions of Seal IT Services Limited (UK) and Resinova Chemie Limited (RCL). Diverse Product Range Astral's portfolio extends beyond pipes to include water tanks, faucets, sanitary ware, and paints. It boasts approximately 37 variants in its pipe and tank segment and about 23 in adhesives. Revenue Breakdown A) Piping Division: Contributing 73% to the company’s revenues, Astral offers an array of products for various systems, including fire sprinklers and industrial applications. The acquisition of Rex Polyextrusion added specialties like corrugated pipes and telecom line protection systems to its arsenal. B) Adhesives Division: Accounting for 27% of revenues, this division offers products ranging from epoxy adhesives and sealants to construction chemicals and tapes. Inorganic Growth and International Presence Astral has spread its wings internationally, with manufacturing in 3 countries and exports to over 25. It generates around 8% of its revenue from international sales. Manufacturing Excellence The company's manufacturing footprint includes eight piping and water tank facilities in India and five adhesives plants globally. To optimize logistics costs, Astral strategically positions its facilities to serve different regions within India and has recently expanded to Bhubaneswar, Odisha. Future Expansion Astral plans to augment the capacity of its Bhubaneswar plant and is establishing new facilities in Guwahati, Hyderabad, and Kanpur. These are set to become operational between FY24 and FY25, with a planned annual capex of ₹300-350 crore funded through internal accruals. Extensive Distribution Network The company's robust distribution network features over 2,750 distributors and more than 1,93,000 dealers. With a strong foothold in West and South India, the piping business is expected to grow in the North and East with new facilities. Strategic Raw Material Sourcing The company predominantly imports CPVC resin from Sekisui Chemical and relies on domestic giants like Reliance Industries for PVC resins. New Ventures In the pursuit of diversification, Astral ventured into faucets and sanitary ware in October 2021, eyeing a market potential of ₹15,000 Cr. This division is led by Mr. Atul Sanghvi, the former CEO of CERA, who has since resigned effective from 30.10.23. In the paints category, Astral acquired a majority stake in Gem Paints Pvt Ltd, with further investments to consolidate its position. Brand Visibility Astral leverages brand endorsement through Bollywood icons and sports associations. It has partnered with celebrities like Ranveer Singh and Allu Arjun to enhance its market visibility, allocating 2-3% of its net sales for promotional endeavors. Subsidiaries and Growth The company oversees 9 subsidiaries as of FY23, with a footprint extending beyond Indian borders. As Astral Poly Technik Ltd continues to build on its strengths and explore new markets, it stands as a testament to the potential of Indian manufacturing and the importance of strategic growth. Source: Screener.in Disc: Invested for long time , adding in anticipation of breakout this time - Abki bar breakout ke liye tayar
NSE:ASTRALLong
by Peaceful-Weekend-Investing
1
buy at zone - swing / intradayENTRY - lines marked below is potential reversal zone ( PRZ) - entry is strictly inside the zone - look for buying confirmation in smaller time frame ( 15 minutes preferred ) EXIT 1. target - mark fib retracement from C to latest swing low - TGT 1 - 0.236 fib level ( intraday tgt) - TGT 2 - 0.382 fib level - TGT 3 - 0.5 fib level ( preferred target ) 2. SL - candle close below (PRZ) - if u didn't get confirmation inside the zone , ignore this pick - if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK - RE-ENTRY can be done , if u again get buying confirmation inside the zone
NSE:ASTRALLong
by rajeevmmails