Ragav27

Intraday trade using Triangle and Channel pattern

Long
NSE:AARTIIND   AARTI IND LTD
The script has given a breakout in the D time frame the last week with huge volumes and has consolidated since then.Check out my previous post on Aarti Industries as well.Now on checking the smaller time frames I found good consolidatory channel and triangle pattern .It could give a intraday breakout.So, the 15 min chart would be perfect.One could take a trade on closing basis above 1126 in the 15 min chart with targets of 1149 and 1185.My stop loss will be below 1102 on closing basis on the daily time frame.

Disclaimer: I have position in AARTIIND already from 935 levels (150 shares) and I have added more (50 shares) at 1106.I may further add small quantity on this breakout.

This post is for educational purpose only. Pls analyse and trade only if it falls as per your risk reward setup.