The inventory of Astral hit a report excessive of ₹2,351.65 on Might 17 earlier than it made a U-turn. It witnessed appreciable sell-off within the first half of final week. Nevertheless, it discovered assist at ₹2,060. Be aware that the broader development stays bullish. That stated, we can’t reject the potential for a decline from the present stage, presumably to ₹2,050. However finally, the inventory is anticipated to halt the downswing and begin appreciating.
The chart reveals a possible for a rally to ₹2,300. So, merchants should buy shares of Astral now at round ₹2,148 and accumulate at ₹2,050. Place preliminary stop-loss at ₹2,000. When the inventory rises above ₹2,200, tighten the stop-loss to ₹2,120. Increase the stop-loss additional as much as ₹2,200 when the worth touches ₹2,250. Exit at ₹2,300.
(Be aware: The suggestions are primarily based on technical evaluation. There’s a danger of loss in buying and selling.)
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