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

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: