Rebound Insight
Our Pivot: 35.87
Our Preference: Start buying ASTL above 39 and average it out till 37.50 with strict stop loss of 35.87 and profit target at 42.20 with extension towards 44.30 and 45.50.
Alternate Scenario: Downward penetration of 35.87 will call for 33.50.
NOTE: ASTL is being supported by a descending trend line along with a strong horizontal supportive region. Hourly momentum indicators have changed their direction towards bullish side.
Daily chart with supports & resistances:
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