my views on Astral Pros MFI 80 and %B > 80 suggest strong overbought move in stock. VWAP,Alligator, ADX, RSI, MACD - all indicator show BUY position. Breakout given with strong volume on 4th Jan High and increasing FII holding
Cons: P/B of Astral is around 25 which is very high in its segment.
My Strategy: No fresh entry. if in portfolio, hold with trailing stop loss if 2470 is broken with strong volume then momentum to continue upwards Else stock will test 2375 or lower.