Astronomy Co., LtdIts share price has surged since April. The stock has found support at ₹1,300, helping it establish an uptrend. Although the trend is still up, the recovery has been hampered by the barrier at ₹1.730 for the past few sessions. However, the stock broke through this hurdle on Thursday, making it more likely to move higher. The charts indicate that Astral Limited is likely to extend Friday’s rally, making it a good stock to buy during the day.
Therefore, we suggest you to buy this stock at Rs 1,751 and buy more if the price drops to Rs 1,730. Set stop loss at ₹1,700. When the stock hits ₹1.785, liquidate half of the buys and then, tighten the stop loss on the remaining holdings to ₹1,770. Exit the rest at ₹1,800.
(Note: Recommendations are based on technical analysis. There is a risk of loss in trading.)
