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Mehul Kothari recommends to buy Astral above this level

According to the technical analyst from Anand Rathi, Astral may witness a strong upside momentum on breakout above Rs 2,085.

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Mehul Kothari Mumbai
1 min read Last Updated : Feb 03 2023 | 7:56 AM IST
BUY
Astral
Buy Above: Rs 2,085
Target: Rs 2,250
Stop Loss: Rs 2,000 

At this juncture; ASTRAL is on the verge of a breakout which resembles symmetrical triangle pattern. The breakout will get confirmed above Rs 2,085 and that might result in strong upside momentum.

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The stock is taking support at 200 DSMA and also have a double bottom formation near Rs 1,950 mark. Thus, we advise traders to go long in the stock above Rs 2,085 with a stop loss of Rs 2,000. 

(Mehul Kothari - AVP – Technical Research, Anand Rathi Shares & Stock Brokers. Views are personal).

Topics :Market technicalsstock market tradingtechnical analysisMarket trends

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