ASTEC has rallied continuously from 900 to 1220,
For Very Near term:
Pivotal Resistance R2 placed at 1260
RSI is at 76 on daily scale, stock has retraced at RSI 80 in the last few instances. one possibility is that it can break RSI 80 level this time.
1100-1180 can be seen as Fibonacci retracement support levels.
For Long Term:
Stock has closed at highest level on monthly scale on closing basis.
Stock approaching weekly resistance, on weekly scale at 1260-1360, if it crosses we can see further rally.
For Very Near term:
Pivotal Resistance R2 placed at 1260
RSI is at 76 on daily scale, stock has retraced at RSI 80 in the last few instances. one possibility is that it can break RSI 80 level this time.
1100-1180 can be seen as Fibonacci retracement support levels.
For Long Term:
Stock has closed at highest level on monthly scale on closing basis.
Stock approaching weekly resistance, on weekly scale at 1260-1360, if it crosses we can see further rally.