Astral Ltd: Range Breakout After Time Correction – Trend Resumption Setup 🔥

🔹 Elliott Wave Structure Prior major rally ended near ₹2,200+ Sharp corrective decline (likely Wave A) Sideways-to-volatile consolidation (Wave B) between ₹1,250 – ₹1,550 Current breakout move suggests beginning of Wave C / New Impulse Leg The long rectangular base visible on chart reflects: ➡ Time correction instead of further price damage ➡ Strong absorption near ₹1,250 zone Now price is testing the upper range boundary (~₹1,550–1,580). 🔹 Price Action Insight Strong bullish weekly candle (+6–7%) Clean close near resistance No heavy rejection wick Higher lows forming on right side of structure This is not a random bounce — It’s a structured range breakout attempt. 🔹 AVWAP Logic If anchored from: The major swing high (~₹2,200) Or breakdown zone in early 2025 Price is now reclaiming key AVWAP clusters. That means: ✔ Participants from breakdown phase are nearing breakeven ✔ Supply zone is being absorbed ✔ Acceptance above ₹1,580 = bullish regime shift 🔹 Volume Behaviour Volume expansion visible during strong up weeks Accumulation spikes during right-side base No abnormal distribution pattern Breakout + participation = constructive.