The Aarti Industries share price has been in a downtrend for the past three days. On June 20, the price closed at 532.15. On June 21, the price fell to 520.15, and on June 22, the price closed at 524.30. The overall trend is bearish, and the price is currently trading below the 50-day moving average.
The daily chart shows that the price has been forming a descending triangle pattern. This pattern is bearish, and it suggests that the price could continue to fall in the near term. The next support level is at 514.55, and if the price breaks below this level, it could fall to 508.00.
However, there are some bullish signs on the chart. The price has been holding above the 200-day moving average, and the relative strength index (RSI) is in the neutral zone. This suggests that the bears may be losing momentum, and the price could start to move higher in the near term.
Overall, the technical analysis of the Aarti Industries share price is bearish. The price is currently trading below the 50-day moving average, and it is forming a descending triangle pattern. However, there are some bullish signs on the chart, and the price could start to move higher in the near term.
Here are some of the factors that could influence the price of Aarti Industries in the near term:
The overall market sentiment
The performance of the company's earnings
Any news or announcements from the company
Any changes in the political or economic environment
The daily chart shows that the price has been forming a descending triangle pattern. This pattern is bearish, and it suggests that the price could continue to fall in the near term. The next support level is at 514.55, and if the price breaks below this level, it could fall to 508.00.
However, there are some bullish signs on the chart. The price has been holding above the 200-day moving average, and the relative strength index (RSI) is in the neutral zone. This suggests that the bears may be losing momentum, and the price could start to move higher in the near term.
Overall, the technical analysis of the Aarti Industries share price is bearish. The price is currently trading below the 50-day moving average, and it is forming a descending triangle pattern. However, there are some bullish signs on the chart, and the price could start to move higher in the near term.
Here are some of the factors that could influence the price of Aarti Industries in the near term:
The overall market sentiment
The performance of the company's earnings
Any news or announcements from the company
Any changes in the political or economic environment
