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”.

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