Kinnari_Prajapati
Long

Buying is initiated on this stock footprint view for AARTIIND

NSE:AARTIIND   AARTI IND LTD
We have seen here two Flag Pattern, One Channel and Triangle on this stock.

  • While Flag Pattern found in up trend and present formed is a triangle at value low of the channel.

  • Almost everything is positive on this stock at the value low of the channel. As per triangle target is 837 nearby. After breaking trinagle, I expect here flag pattern again with the target of 904-923.

Stock is forming triangle pattern on long timeframe.
We are seeing tight channel and the price is trading at the value low(lower line of the channel). This means, investors is ready to enter if volume increase price can make wave (5) as mentioned in the chart.
The primary trend is up on this stock.
Dec 26
Trade closed: target reached: The first target is going to achieved, Made high 835 and CMP 834
Jan 07
Trade active: Target is ready to achieve.
Jan 09
Trade closed: target reached

Comments

Great and thanks for sharing knowledge and clear explanation.
+1 Reply
WOW WONDERFUL
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Well Done
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@malaythakkar, thank you
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Thanks, Kinnari
I enter @ 827. can you please suggest exit levels.
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It was a nice trade, I booked it today. Thanks kinnari
Reply
@manish0574, Great. Cheers.
Reply
Easy Target achieved. Thankyou
Reply
@bala2033, Welcome.
Reply
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