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Asian Star Co. (ASTAR) — Technical Setup
₹807.35 +20.00% Strong Uptrend Volatility Expansion Strong bullish
Summary
Asian Star Co. is in a strong uptrend on the daily chart. RSI(14) is 81.2, MACD is above its signal line, ADX reads 37 (trending). Volume in the latest session was 100.0× its 20-day average. Over three months it has outperformed the Nifty 50 by 27.4 percentage points. Nearest support is ₹701.00, with no swing resistance overhead. Its technical score is 75/100 (strong bullish).
🧮 How the 75/100 is built
Five components, 20 points each. Every rule is shown with the points it earned — the score describes the chart as it stands today; it is not a prediction.
- Close above 20-day EMA (31.40)3/3
- 20-day EMA above 50-day EMA3/3
- 50-day EMA above 200-day EMA0/3
- Close above 200-day SMA0/3
- SuperTrend (10,3) pointing up3/3
- ADX ≥ 20 with +DI above −DI (trend has strength) (37.02)3/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (81.21)4/6
- MACD line above its signal line4/4
- MACD line above zero (17.36)3/3
- 12-day rate of change positive (34.58)3/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (27.35)2/2
- On-balance volume rising over 20 sessions5/5
- Chaikin Money Flow (20) positive (0.94)5/5
- More volume on up days than down days (20 sessions) (16.31)5/5
- Close above 20-day VWAP (5.73)5/5
- Daily range (ATR%) contained — ≤2.5% scores full (4.96)2/6
- Price in the upper half of its Bollinger Bands (1.49)3/5
- Shallow drawdown from the 52-week high (0.00)5/5
- Volatility contracting (20-day volatility below its 6-month median) (100.00)0/4
- Room to the next resistance (≥8% scores full)5/5
- Support close below (a tight, definable stop) (13.17)0/5
- Broke above a 20-day high in the last 5 sessions5/5
- Within 5% of the 52-week high (0.00)5/5
🧭 Regime: Strong Uptrend
Volatility Expansion — Bollinger width is in the 100th percentile of the last six months.
Suits: Trend-following. Pullbacks to the 20-day EMA and breakouts tend to be bought in strong trends; mean-reversion shorts fight the tape.
Classified from ADX, the 20/50-day EMA stack and price's distance from the 50-day average; volatility from band-width and ATR expansion.
Opens the AI Backtester with the Momentum Breakout rules for ASTAR — close at a 20-day high on 1.5× average volume, rsi above 55.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▲ Bullish | 81.21 | 16.89 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: —, weekly ADX —.
📶 Volume & VWAP
VWAPs are computed from daily bars (typical price × volume), not intraday ticks. Today was a 50-day volume climax.
💪 Relative strength
ASTAR ÷ Nifty 50, rebased to 100 a year ago. Rising = outperforming.
🧱 Support & resistance
Clustered swing highs and lows from the last year; “touches” is how many swings formed the level.
| Level | Price | Distance | Touches |
|---|---|---|---|
| Close | ₹807.35 | — | |
| Support | ₹701.00 | −13.2% | 3 |
| Support | ₹600.00 | −25.7% | 9 |
| Support | ₹525.50 | −34.9% | 1 |
52-week range: ₹485.00 – ₹807.35 (+0.00% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹485.00 (2026-09-16) to ₹807.35 (2026-09-18). Price has retraced 0.0% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹731.28 | -9.4% | nearest |
| 38.2% retracement | ₹684.21 | -15.2% | |
| 50.0% retracement | ₹646.17 | -20.0% | |
| 61.8% retracement | ₹608.14 | -24.7% | |
| 78.6% retracement | ₹553.98 | -31.4% | |
| 127.2% extension | ₹895.03 | +10.9% | |
| 161.8% extension | ₹1,006.56 | +24.7% | |
| 200.0% extension | ₹1,129.70 | +39.9% |
Next Fibonacci time zone: 8 sessions from the swing start ≈ 2026-09-28 (approximate — exchange holidays are not modelled).
🕯️ Candlesticks (last 5 sessions)
- Dragonfly Doji 2026-09-18 bullish Strong · 70
- Bullish Marubozu 2026-09-17 bullish Strong · 70
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
No regular divergence on RSI, MACD, OBV, MFI or Stochastic at the latest swings.
✅ Screens ASTAR passes today
| Stock | Close | Chg | Score | Trend regime | RS rating (1-99) |
|---|---|---|---|---|---|
| TBZTribhovandas Bhimji Zaveri Limited | ₹603.55 | +4.99% | 90 | Strong Uptrend | 99.00 |
| LGEINDIALG Electronics India Limited | ₹1,697 | +2.66% | 86 | Strong Uptrend | 64.00 |
| SOMANYCERASomany Ceramics Limited | ₹572.60 | +1.19% | 84 | Strong Uptrend | 80.00 |
| MVGJLManoj Vaibhav Gems N Jewellers Limited | ₹214.47 | -0.42% | 82 | Strong Uptrend | 85.00 |
| LENSKARTLenskart Solutions Limited | ₹707.20 | +4.01% | 81 | Strong Uptrend | 89.00 |
| JSWDULUXJSW Dulux Limited | ₹3,189 | +3.73% | 79 | Strong Uptrend | 53.00 |
| MOTISONSMotisons Jewellers Limited | ₹18.30 | +2.01% | 77 | Strong Uptrend | 78.00 |
| TIMEXTimex Group | ₹714.20 | +16.87% | 77 | Strong Uptrend | — |
| RGLRenaissance Global Limited | ₹153.40 | -1.97% | 76 | Strong Uptrend | 85.00 |
| STOVEKRAFTStove Kraft Limited | ₹829.30 | -0.52% | 72 | Strong Uptrend | 82.00 |
⚠️ Educational technical analysis computed automatically from end-of-day NSE prices — not investment advice. Flash Finance is not SEBI-registered. Indicators describe what price has done; they do not predict what it will do. Verify levels on a live chart and manage risk before acting.
