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Osho Krishan of Angel One recommends buying this healthcare stock

Recently, the stock has demonstrated a strong bullish gap, showcasing its ability to maintain a position above all major EMAs on the daily chart, which supports a positive outlook

Stock Market, Market, Crash, Funds, up, Stock, Gain, Lost, decline, statistic, Crisis, Capital, BSE, NSE

Osho Krishan Mumbai

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NSE Scrip – Aster DM Healthcare 
View -   Bullish
  Last Close – 438.20
 
Aster DM Healthcare is on a promising long-term upward trajectory, consistently achieving higher highs and higher lows across various time frames. Recently, the stock has demonstrated a strong bullish gap, showcasing its ability to maintain a position above all major EMAs on the daily chart, which supports a positive outlook. 
 
Furthermore, the technical indicators are aligned favorably, suggesting that the uptrend is well-positioned to continue in the near future. This encouraging trend reflects the stock’s resilience and potential for further growth.
 
Hence, we recommend 'Buy' Aster DM Healthcare around 430-420 with a stop loss of 405 and a target of 460-465.  (Osho Krishan is a senior analyst - technical & derivatives at Angel One Ltd. View expressed are his own.)
 

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First Published: Nov 11 2024 | 6:56 AM IST

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