Aarti Industries: A high risk trade
The stock has completed its correction as per Elliot's ABC waves and is inching up with good consolidation. On a daily time frame the stock is under the 20 EMA but it is very bullish on a weekly time frame. It is respecting its current trend line and has not broken it and recent price movements and volumes indicate good consolidation. Price has got excellent support from 50 EMA.
Entry above 865
Target 907, 933, 1000
Stoploss 797
I am not a financial advisor and this is only for educational purposes. Message me or comment for faster updates. I always reply.
Entry above 865
Target 907, 933, 1000
Stoploss 797
I am not a financial advisor and this is only for educational purposes. Message me or comment for faster updates. I always reply.
Note
First two targets achieved
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.