🚿 Astral Ltd – Range Breakout Set

1️⃣ Pattern Structure Astral has been consolidating in a sideways range between ₹1,250 – ₹1,560 for nearly 10 months (since January 2025). This long base formation indicates strong accumulation after a deep correction. The recent bullish breakout candle (+8%) has closed above the upper boundary (~₹1,550), confirming breakout initiation. 🎯 Target Zone: ₹1,850–₹1,900 📉 Stoploss: Weekly close below ₹1,470 3️⃣ Technical Confirmation Breakout with strong bullish candle and above-average volume. Stock now above 50-week EMA, confirming trend reversal. RSI turning up from 55 → bullish momentum buildup. Structure shifting from distribution → accumulation → expansion. 5️⃣ Commentary Astral has completed its base-building process and is entering a fresh bullish phase. This pattern resembles a rectangle breakout, which typically leads to a steady multi-week upmove. Given the strong fundamentals and sector rotation toward midcap consumption themes, Astral looks ready for a 20–25% upside rally.