ASTL Amreli Steel Limited short term analysis 17th Nov. 2020

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Rebound Insight

Our Pivot: 35.87

Our Preference: Start buying ASTL above 39 and average it out till 37.50 with strict stop loss of 35.87 and profit target at 42.20 with extension towards 44.30 and 45.50.

Alternate Scenario: Downward penetration of 35.87 will call for 33.50.

NOTE:  ASTL is being supported by a descending trend line along with a strong horizontal supportive region. Hourly momentum indicators have changed their direction towards bullish side.

Daily chart with supports & resistances:

ASTL 8
Overview
Quick Snapshot
Free Float

74,252,857

O/S Shares

297,011,427

Market Cap. (m)

0.00

Var Value

15.00

Hair Cut

22.50

Last Price

40.08

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports39.2138.3537.58
Resistances40.8441.6142.47
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
-0.81
-2.49
QTD Price Return
-0.81
-2.49
3M Price Return
-12.19
-27.77
6M Price Return
-6.30
-16.58
9M Price Return
-12.80
-28.76
YTD Price Return
-13.19
-29.38
1Y Price Return
-9.31
-22.70
3Y Price Return
-3.55
-10.07
5Y Price Return
-58.30
-64.78

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