Aster DMBuy at current level 210-215. SL below 200. Target 235-240. Ascending triangle breakout pattern.
ASTERDM trade ideas
Aster DM Healthcare193.5 was all time high of Aster DM Healthcare. In August 21, the stock had given breakout above ATH and since then the stock is consolidating on parallel downward channel which is visible by pick lines. This week, however, the stock has given a breakout of that range and successfully closed above it with good volume. Now one can enter in to stock considering the consolidation is over. The reason I am recommending this stock is possibility of trading under a blue sky. The stock consistently given a great results over the period of years and it is one of the very well know MNC in healthcare business. Therefore, this is a very good Techno-Funda pick too. If anyone wants to take positions, please keep a strict stop loss given.
CMP - 213 W (15/7/22)
T - 246, 300 W
SL - 195 W
View - Medium term.
ASTERDMBuy Entry @ 197
Target @ 250
Stop Loss @ 180
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best of luck.
Shakthi
ASTERDMNSE:ASTERDM
please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
Aster DM Healthcare BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Aster DM Healthcare breakout Aster DM Healthcare Limited is a publicly-traded Indian conglomerate health care provider founded in 1987 by Azad Moopen who hails from Kerala, India. The company is registered in India. Aster DM Healthcare currently operates hospitals, diagnostic centers, medical centers, and pharmacies in the India and the Middle East. Wikipedia
Stock price: ASTERDM (NSE) ₹199.10 +18.15 (+10.03%)
AsterDMafter Breakout wait Retesting with 1 hour candle thn buy and whoever have 100% confidence can go after Brkout.
Aster DM Healthcare BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
ASTER DM LONG TERM 1. Trade as per the levels
2. Nice Small cap can be a multibagger
Hold in your FOlio
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LIKE IF YOU AGREE
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ASTERDMHi guys, this chart is for educational purpose only not for sale... plz do your own analysis too.. Thank Q
Buy ASTERDMBuy ASTERDM above 201.
Safe traders can enter above 203 as well.
Short Term SL: 189, Target 212...219..237.
Sustaining Above 219, stock can breach ATH and can go further up.
Trail SL above 215..
Looks like a start of good uptrend in coming weeks
ASTERDMNSE:ASTERDM
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
Breakout in ASTERDMThere is a possibility of a breakout (hopefully by this week) in ASTERDM in both Daily and Weekly timeframes. Please add it to your watchlist.
DISCLAIMER: The ideas are only for educational purposes and not buy/sell recommendation. I am NOT SEBI registered.
Aster DM Breakout RetestThe stock has broken out and retest therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone, 200 EMA & the lower trendline. The target is placed near resistance.
Aster DM Healthcare Ltd - 23.12.2021Aster DM Healthcare Ltd - 23.12.2021
The stock is trading @ 178 levels
The price range is tested again
Prices are below EMA
stochastic is oversold in daily chart
let the prices go above 182
watch out for the price action
AsterDM - Sell On RISE - RS triangle converging- It was a good R/R trade earlier but it went against expectation.
- AVWAP giving strong resistance and its become a sell on RISE trade.
- RS triangle is converging, there is a chance that downward sloping RS line might get hit, that would be the chance to exit.
- RS still at support. Hospitals are in good favor.
- Risk was set high due to the high volatility.
restest area asterdm its may gone by uptrend
1month " cup and handle " also retest successfully 174 to 176 strong best
RR : 1:2
its only for educational purpose
ASTERDM NSE BULLISHVIEW ABOVE 188ASTERDM NSE is bullish if 188 holds.
** Educational purpose only
NSE:ASTERDM
Aster DM Medium Term Breakout TradeThe stock has broken out and took a support at the previously upper trendline. Trade is supported by brokerage calls and Supports Nearby including 200 EMA.
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zone, 200 EMA and previously Lower Trendline and target is place near swing and channel high.
Note: As the market is under selling pressure, enter only after confirming a reversal.
