Technical Stock Pick: Is Astral in a new bull market? What does the chart suggest?

Astral Ltd, part of the capital goods industry space, recouped losses after hitting a record high in August 2023 and is now trading above most of the crucial short- and long-term moving averages which suggest that bulls are here to stay.

Short-term traders can look to buy the stock now for a possible target of above Rs 2,200 in the next 4-6 weeks, suggest experts.