ASTL Amreli Steel Limited short term analysis 18th Feb. 2021

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Further Advance

Our Pivot: 42.10

Our Preference: Start buying ASTL from current price and average it out till 44.60 with strict stop loss of 42.10 and profit target at 52.40 with extension towards 54.15.

Alternate Scenario: Downward penetration of 42.10 will call for 37.80.

NOTE: ASTL is moving in a bullish price channel on weekly and daily chart and right now its above to complete 50% correction of its last bullish rally.

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

47.87

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports47.2446.6245.83
Resistances48.6549.4450.06
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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