Astral shares bullish, eyes ₹1,720 target

The short-term outlook is bullish for Astral. The 3 per cent rise this week has taken the share price well above the key resistance level of ₹1,593. The region around ₹1,590 will now act as a strong support. A fall below ₹1,590 is less likely, as new buyers can enter the market and limit the downside. The 21-Day Moving Average (DMA) has turned up. This sends a positive signal and strengthens the bullish case. Astral share price can rise to ₹1,720.

Video Credit: Businessline

Traders can buy Astral shares at ₹1,646 now. Accumulate on dips at ₹1,610. Keep the stop-loss at ₹1,580. Trail the stop-loss up to ₹1,660 as soon as the stock goes up to ₹1,675. Revise the stop-loss higher to ₹1,670 and ₹1,695 when the share price touches ₹1,685 and ₹1,710, respectively. Exit the long positions at ₹1,730.

(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)

Published on February 18, 2026