Downside Prevails
Our Pivot: 45.00
Our Preference: Short sell ASTL on breakout below 42.00 and average it out till 43.30 with strict stop loss of 45.00 and profit target at 39 with extension towards 38.00.
Alternate Scenario: Breakout above 45.00 will call for 46.65.
NOTE: ASTL have given bearish breakout of its daily triangle and its moving downward after retesting supportive trend line of said triangle.
Chart with supports & resistances:
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