ASTL trade ideas
ASTL | Parallel Channel🚀 Stock Alert: ASTL
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Buying Level: 24.30-24.50
🎯 First Target : 25.60
🎯 Second Target : 27.50
⚠ Stop Loss: 22.50
⏳ Nature of Trade: Scalping
📉 Risk Level: Medium
☪ Shariah Compliant: NO
💰 Dividend Paying: NO
📰 Technical View: *ASTL* is tesing parallel channel support, long position can be consider for the target of 25.60 and after break and sustain condition it can test second target around 27.50. Use stop loss just below previous low around 22.50
ASTLWe can attempt to buy ASTL from specified level as 0.5 FIB level also intact , also there is no bearish divergence indicate that it move upward .
SL , TP mention in chart.
ASTLASTL following a cup pattern with spinning bottom candle observed on daily time frame. If the next candle closes above 26.20 then a possible upward price action can be seen. The initial target lies at 27.50 and the secondary target at 28.50 with the stop loss level of 24.50.
Amreli Steel Limited - ASTL🚀 Stock Alert: ASTL
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
- Buy Range: 23.30 to 23.70
- 🎯 Targets:
- Target 1: 24.50
- Target 2: 26.00
- ⚠ Stop Loss: 22.50
- 📉 Risk Level: Medium
- 💰 Dividend Paying: NO
📰 Technical View: Price is following ascending trendline and MACD converting into bullish momentum
☪ Shariah Compliant: YES
⚠ Risk: Volatile stock, High Debt
ASTLBuy Call # *117-ASTL*
Plan 1
Buy around 25 - 25.30
Sell around 27 - 28
SL 23 (closing basis)
Plan 2
Buy Above 29 (if sustained)
TP 1 : 31
TP2 : 34
SL : 27 (closing basis)
