ASTL Amreli Steel Limited short term analysis 29th Mar. 2021

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Downside Prevails

Our Pivot: 45.00

Our Preference: Short sell ASTL on breakout below 42.00 and average it out till 43.30 with strict stop loss of 45.00 and profit target at 39 with extension towards 38.00.

Alternate Scenario: Breakout above 45.00 will call for 46.65.

NOTE: ASTL have given bearish breakout of its daily triangle and its moving downward after retesting supportive trend line of said triangle.

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

42.64

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports41.9041.1640.26
Resistances43.5444.4445.18
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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