ASTRAMICRO trade ideas
Astra Microwave Products Ltd.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 Products (AMPL) was founded in the year 1991. It is engaged in designing and manufacturing of radio frequency (RF) and microwave super components and sub-systems that are used in areas of defence, space and civil communication systems.
Astra Microwave Products Limited (AMPL) was incorporated in 1991 by a team of distinguished scientists with experience in RF/Microwave/Digital electronics and management of projects with high technology content. The three promoters had back then sensed a need for a sound, technically powerful private company that can design, develop and produce highly end RF and Microwave subsystems and systems for strategic applications.
AMPL thus came into existence with a handful of highly motivated individuals, the path of progress being clear from the beginning. Starting operations from what is now called Unit I, the company has grown substantially with continuous investment in infrastructure, captive test facilities and other resources.
Being a company with a strong R&D Back ground, AMPL has undertaken production of equipment from R&D labs to reduce the production lead times. The company has also demonstrated its capability to provide complete solutions from concept to product realization using in house engineering. Starting with a diverse range of microwave products like filters, transmitters, receivers, antennas etc., the achievement in producing actual space-borne hardware that has flown on Indian satellites was a dream come true for the promoters and for the company and an endeavor to be proud of for the entire AMPL team.
Business area of the company
The company is engaged in designing and manufacturing of high value added RF and microwave super components and sub-systems finding applications in Defense, Space, Telecom, Meteorology and Civil communication systems.
Products of the company
Defense
• Radar Electronics
• Electronic Warfare
• Strategic Electronics
• Telemetry
Space
• Ground Based
• Flight Model
Meteorology
Homeland Security
• Perimeter Intrusion Detection Radar
Systems
• Multi-Function Radar Systems
• Instrumentation Radar & Telemetry Systems
• Perimeter Intrusion Detection Radar
• Meteorology Radar Systems
• Air Traffic Management Radar Systems.
#astramicro #stockstobuy #trading #investing #Nifty #BankNifty NSE: ASTRAMICRO
CMP: 308.90
TARGET 424 37% Return on Equity ( Return on Investment )
STOP LOSS 271
RR > 3
Time frame 6m.
NSE:ASTRAMICRO
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.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
ASTRA MICROWAVE PR 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 Signal on Daily chart on the time of analysis.
7. RSI is 80.14 on a daily Chart.
8. Hull Moving Average on a daily,weekly and Monthly is a strong Buy.
9. Strong Volume on 19th Aug 2022.
10. Price might retest 284.00. and a correction of price might be in place. If price sustains above CMP Target would be 360.00 to 410.00 and may be beyond.
@Bunty20077 I might have been looking from one point of view earlier, now when I did a deep dive lookout I feel it has some strong potential. Nice job.
Disclaimer: “The above is an idea only and not any kind of financial advice so please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!! Want to keep yourself updated with current market action, then please follow my profile for more analysis.
Cheers.