Stock: Astral Limited

🔍 1️⃣ Big Structure 📉 Phase 1: Downtrend Lower highs Lower lows Price below moving averages 👉 Clear bearish phase earlier 🧱 Phase 2: Base Formation Range: ₹1250 – ₹1650 Time: Many months 👉 This is accumulation starting 🚀 Phase 3: Recent Move Sharp rally from ₹1400 → ₹1650 Price near range high 👉 Momentum improving 🧠 2️⃣ Current Situation 👉 This is NOT breakout yet 👉 This is: Pre-Breakout Setup (Early Stage) ⚠️ 3️⃣ Key Resistance ₹1650–1700 zone 👉 Multiple rejections here 💥 4️⃣ Two Possible Scenarios 🟢 Scenario 1: Breakout (What you’re expecting) Confirmation: Weekly close above ₹1700 Targets: ₹1850 ₹2000 ₹2100 👉 Your projection (~₹2100) is logical ONLY after breakout 🔴 Scenario 2: Rejection (Very Possible) Fails near ₹1650–1700 Falls back inside range Downside: ₹1500 ₹1400 📊 5️⃣ Trade Plan 🟢 Safe Buy (High Probability) Entry: Above ₹1700 SL: ₹1550 Target: ₹1850 / ₹2000 ⚠️ Aggressive Buy (Risky) Near ₹1600 Only if strong bullish candles 🔴 Short Setup If rejection + breakdown below ₹1500