The stock of Aster DM Healthcare has been in an uptrend since March. It was triggered by the support at ₹400. But over the past month, the scrip has been charting a sideways trend between ₹574 and ₹610.
Video Credit: Businessline
On Wednesday, the resistance at ₹610 was breached. This has opened the door for further appreciation. The chart indicates a potential rally to ₹680 in the near term. That said, before this upswing, the price might moderate to ₹590.
Given these factors, traders can go long on the stock at ₹612 and buy more shares at ₹590. Place a stop-loss at ₹560. When the price hits ₹640, revise the stop-loss to ₹610. Tighten the stop-loss further to ₹640 when the stock appreciates to ₹660. Book profits at ₹680.
(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)
Published on August 14, 2025
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