Weekly Chart Analysis on

ASTRAL

Astral (Weekly Chart View) The stock has shown a strong bounce from recent lows, forming a bullish candle this week, which indicates buyers stepping in at lower levels. On the daily chart, it has taken support around the 1400 zone & 55-day EMA, showing strength and accumulation. On the weekly chart, resistance is clearly visible near the 1550–1575 zone, which also coincides with the 55-week EMA – this will be the key hurdle to cross for further upside. Indicators like MACD are stabilizing and RSI is near the 50 level, suggesting momentum is shifting from bearish to neutral–bullish. View: In the short term, the stock looks positive and can move towards 1550–1575 on sustaining current momentum. If it manages to hold above these levels, then in the medium term (6–7 months), it can extend towards 1600+. However, any dip near 1400–1420 should be seen as a buying opportunity with strict stop-loss below 1380. Recent News & Strategic Updates Q1 FY26 Earnings (August 2025): Astral reported a 33% YoY drop in PAT (~₹81 crores), with revenue down 1.6% and EBITDA margins contracting—mainly due to volatility in polymer (PVC) prices. The stock reacted negatively following the result. Acquisition of Al-Aziz Plastics: In April 2025, the board approved acquiring 100% of Al-Aziz Plastics for ₹33 crore—potentially aiding product and market expansion. Investor Interaction: The Q1 earnings call was held on 12 August 2025, helping provide clarity on strategy and outlook.