ASTL Amreli Steel Limited short term analysis 23rd Oct. 2020

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Further Advance

Our Pivot: 41.74

Our Preference: Start buying ASTL from current price and average it out till 42.50 with strict stop loss of 41.74 and profit target at 45.10 with extension towards 46.15.

Alternate Scenario: Downward penetration of 41.70 will call for 40.00.

NOTE: ASTL have given breakout of its resistant trend line in upward direction.

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

43.66

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports42.3541.0439.72
Resistances44.9846.3047.61
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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