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    Stock Radar: Record high in May! Breakout from Triangle pattern makes Astral an attractive buy

    Synopsis

    Short-term traders can buy the stock for a possible target above Rs 2,400 in the next 1-3 months, experts advise. The capital goods stock witnessed a breakout from 2,000 levels, which also coincides with the upper trendline of the triangle pattern on the daily charts earlier in May 2024.

    Astral, part of the capital goods space, moved in a range for the past couple of months but recent price action helped the stock to break out from the Triangle pattern on the daily charts.Short-term traders can look to buy the stock for a possible target above 2,400 levels in the next 1-3 months, suggest experts.The capital goods stock witnessed a breakout from 2,000 levels, which also coincides with the upper trendline of the triangle pattern
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    The Economic Times