Technical Momentum Shifts Amid Mixed Indicators
Current Price Movement and Market Context
The stock closed at ₹1,390.20, down from the previous close of ₹1,427.35, marking a daily decline of 2.60%. The intraday price fluctuated between ₹1,387.10 and ₹1,434.90, remaining below its 52-week high of ₹1,869.95 but above the 52-week low of ₹1,232.00. This price behaviour suggests a phase of uncertainty as the stock navigates resistance levels near the mid-range of its annual price band.
Technical Trend Evolution
Recent assessment changes indicate that Astral’s technical trend has shifted from mildly bullish to sideways. This transition points to a pause in upward momentum, with neither buyers nor sellers asserting clear dominance. Such sideways movement often precedes a…
