Technical Momentum Shifts and Market Performance Review
Technical Momentum and Trend Analysis
The stock price of Astral currently stands at ₹1,389.85, slightly below its previous close of ₹1,396.55. The intraday range has been relatively narrow, with a low of ₹1,386.45 and a high of ₹1,399.05. Over the past 52 weeks, the stock has traded between ₹1,232.00 and ₹1,709.70, indicating a wide volatility band within the year.
Recent technical trend evaluation reveals a shift from a sideways movement to a mildly bearish stance. This transition is underscored by the weekly and monthly Moving Average Convergence Divergence (MACD) indicators, both signalling bearish momentum. The MACD, a widely used momentum oscillator, suggests that the stock’s short-term momentum is weakening relative to…
