In the previous session, the Nifty index consolidated with a positive bias throughout the day. The Nifty index saw a gap up opening and made a high near 18617. The index got stronger as the day progressed and closed with a net gain of 110 points. The Nifty formed a strong bullish candle on the daily chart. Hence, we recommend approaching the markets in a positive way. Use a trailing Stop loss method to protect your profit at higher levels.

Look at the below research report of ‘Stocks to Buy for Wednesday, December 14,2022’ before the market opens.

Astral Ltd.

In the last trading day, stock formed a strong bullish candle on the daily chart and closed with a net gain of 2.71%. As per the chart reading, a long entry signal was triggered in the previous day’s session. In the last session, stock retested the same level with positive momentum but didn’t close above the break out zone. The Relative Strength Index (RSI) on the daily chart is 62.

In a Nutshell, the trend for ASTRAL looks to be positive now. Break above 2140 levels which could take prices toward 2262 or higher levels. This outlook is valid as long as 1998 remains protected on downside.

Check More Analysis on ASTRAL at: Astral Ltd