Breakout in Aaron Industries Ltd...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Aaron
AARON - Getting into next floor using own ElevatorAaron Industries Ltd primarily working in elevator industry, Auto door Systems and Stainless Steel Polishing.
Once cross above 140 and sustain - we should be able to see strong up move. Add to watchlist
On track from past 2 Weeks -- and here is the story.
2022-07-27 : - Cross WK Piv Downside Bearish Engulfing, Monthly trend Change to +ve, Weekly trend already +ve. SMA on Daily time frame D13>34>55 but Close Crossed D13 Downside.
2022-07-29 : SMA 50 crossed SMA 200 (Gold Cr) Crossing 4 week High. Close is above 20 SMA on Daily/Weekly/Monthly time frame. M/W/D RSI> 60 - Daily RSI crossed 60 2Days Bk
2022-08-01: Increase in momentum. Normal NR7 - Inside Candle
2022-08-02: Increase in momentum
2022-08-03: Cross M-Piv downside Normal NR7 - Breakout
2022-08-04: Cross M Piv upside, SMA D13>34>55 & Close crossed D13 Up. RSI- M:66.5 WK:57.9 D:53.7
2022-08-05: Cross WK Piv Upside. Price n Squeeze - 1 Day
2022-08-08: Crossing 4 week High, In Squeeze - 2 Days
Please spend time on own research - before taking call.