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ASTRAL LTD

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ASTRAL trade ideas

ASTRAL S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:ASTRAL
by zenthosh
Positional trade setup for Astral LtdThe chart for Astral Ltd. shows a potential reversal pattern after a prolonged downtrend, where the price has bounced off a key support level near ₹1850-1900. This level acted as strong support, and the stock is showing signs of recovery with recent bullish candles indicating renewed buying interest. Observations: Support Zone: The stock has tested and respected a strong support zone near ₹1850, which coincides with a recent bottom formation. Recovery Signal: A bullish momentum is visible as the stock has crossed back above the ₹2000 level, with a notable upward move. Positional Trade Setup: Entry: Aggressive Entry: Buy at the current levels of ₹2025 since the stock is in an upward trend from the support zone. Conservative Entry: Wait for a slight pullback towards the ₹1950-2000 range for a better entry after a potential retest of the breakout level. Target: First Target (T1): ₹2250-2300, based on previous swing highs and resistance levels. Second Target (T2): ₹2450-2500, if the stock continues its upward momentum. Stop Loss: Place a stop loss just below the recent support at ₹1850, which would invalidate the bullish setup if broken. Timeframe: This is a positional trade setup, so it could take a few weeks to a couple of months for the targets to be achieved, depending on market momentum. Risk Management: Position Size: Use moderate position sizing considering the stop loss is around ₹170 below the current price, offering a decent risk-to-reward ratio. Trailing Stop Loss: Once the stock reaches ₹2200, you can move your stop loss to ₹2000 to lock in some gains. Summary: Entry: Buy at ₹2025 (current level) or on a pullback to ₹1950-2000. Stop Loss: ₹1850. Targets: ₹2250-2300 (T1) and ₹2450-2500 (T2). This trade setup takes advantage of the bounce from key support, with the potential for a continued upside if the overall market remains bullish.
NSE:ASTRALLong
by RajputAmarjit
NSE:ASTRAL Ltd's -Abki bar breakout ke liye Tayar 🌋???NSE:ASTRAL Astral Poly Technik Ltd: Pioneering the Indian Plumbing and Adhesive Industry Established in 1996, Astral Poly Technik Ltd set out with a vision to manufacture pro-India plumbing and drainage systems. Over the years, it has expanded into the adhesive business, marking its territory across multiple domains. Historical Milestones Astral has emerged as a frontrunner in the CPVC pipes and fittings sector in India. It pioneered the introduction of lead-free PVC pipes in 2004 and brought lead-free uPVC column pipes to the market in 2012. The company's strategic move into the adhesives space occurred in 2014, with the acquisitions of Seal IT Services Limited (UK) and Resinova Chemie Limited (RCL). Diverse Product Range Astral's portfolio extends beyond pipes to include water tanks, faucets, sanitary ware, and paints. It boasts approximately 37 variants in its pipe and tank segment and about 23 in adhesives. Revenue Breakdown A) Piping Division: Contributing 73% to the company’s revenues, Astral offers an array of products for various systems, including fire sprinklers and industrial applications. The acquisition of Rex Polyextrusion added specialties like corrugated pipes and telecom line protection systems to its arsenal. B) Adhesives Division: Accounting for 27% of revenues, this division offers products ranging from epoxy adhesives and sealants to construction chemicals and tapes. Inorganic Growth and International Presence Astral has spread its wings internationally, with manufacturing in 3 countries and exports to over 25. It generates around 8% of its revenue from international sales. Manufacturing Excellence The company's manufacturing footprint includes eight piping and water tank facilities in India and five adhesives plants globally. To optimize logistics costs, Astral strategically positions its facilities to serve different regions within India and has recently expanded to Bhubaneswar, Odisha. Future Expansion Astral plans to augment the capacity of its Bhubaneswar plant and is establishing new facilities in Guwahati, Hyderabad, and Kanpur. These are set to become operational between FY24 and FY25, with a planned annual capex of ₹300-350 crore funded through internal accruals. Extensive Distribution Network The company's robust distribution network features over 2,750 distributors and more than 1,93,000 dealers. With a strong foothold in West and South India, the piping business is expected to grow in the North and East with new facilities. Strategic Raw Material Sourcing The company predominantly imports CPVC resin from Sekisui Chemical and relies on domestic giants like Reliance Industries for PVC resins. New Ventures In the pursuit of diversification, Astral ventured into faucets and sanitary ware in October 2021, eyeing a market potential of ₹15,000 Cr. This division is led by Mr. Atul Sanghvi, the former CEO of CERA, who has since resigned effective from 30.10.23. In the paints category, Astral acquired a majority stake in Gem Paints Pvt Ltd, with further investments to consolidate its position. Brand Visibility Astral leverages brand endorsement through Bollywood icons and sports associations. It has partnered with celebrities like Ranveer Singh and Allu Arjun to enhance its market visibility, allocating 2-3% of its net sales for promotional endeavors. Subsidiaries and Growth The company oversees 9 subsidiaries as of FY23, with a footprint extending beyond Indian borders. As Astral Poly Technik Ltd continues to build on its strengths and explore new markets, it stands as a testament to the potential of Indian manufacturing and the importance of strategic growth. Source: Screener.in Disc: Invested for long time , adding in anticipation of breakout this time - Abki bar breakout ke liye tayar
NSE:ASTRALLong
by Peaceful-Weekend-Investing
1
buy at zone - swing / intradayENTRY - lines marked below is potential reversal zone ( PRZ) - entry is strictly inside the zone - look for buying confirmation in smaller time frame ( 15 minutes preferred ) EXIT 1. target - mark fib retracement from C to latest swing low - TGT 1 - 0.236 fib level ( intraday tgt) - TGT 2 - 0.382 fib level - TGT 3 - 0.5 fib level ( preferred target ) 2. SL - candle close below (PRZ) - if u didn't get confirmation inside the zone , ignore this pick - if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK - RE-ENTRY can be done , if u again get buying confirmation inside the zone
NSE:ASTRALLong
by rajeevmmails
Astral LtdTarget and SL mentioned in chart OLD CHART New Products and Expansion: Paint business gearing up for new products and Astral brand launch in a phased manner Bathware business showing quarter-on-quarter improvement with increasing sales Capacity expansion plans for Hyderabad and Kanpur plants with timelines and estimated CAPEX provided FUNDAMENTALS Market Cap ₹ 55,968 Cr. Current Price ₹ 2,084 52 Week High / Low ₹ 2,129 / 1,298 Stock P/E 99.2 Book Value ₹ 108 Dividend Yield 0.15 % ROCE 23.6 % ROE 17.9 % Face Value ₹ 1.00 Price to book value 19.3 Intrinsic Value ₹ 476 PEG Ratio 4.71 Price to Sales 10.1 Debt ₹ 97.8 Cr. Debt to equity 0.03 Int Coverage 31.8 Reserves ₹ 2,875 Cr. Promoter holding 54.1 % Pledged percentage 0.00 % EPS last year ₹ 17.0 Net CF ₹ -112 Cr. Price to Cash Flow 100 Free Cash Flow ₹ 247 Cr. OPM last year 15.7 % Return on assets 12.1 % Industry PE 31.6 Sales growth 9.51 %
NSE:ASTRALLong
by madhu2811