Aarti Industries has been going thru an accumulation phase because prices are consolidating and accumulation indicator says that the volumes have been rising
Please keep an eye on going long
Aarti Industries Ltd - 30.08.2022
The stock is trading @ 830 levels
The month high is 840 levels
RSI needs a breakout in Weekly Chart
The PRICES ARE ABOVE EMA
STOCHASTIC IS TICKING UP IN MONTHLY CHART
MONTHLY EMA IS 834
WATCH OUT FOR THE FURTHER UPSIDE MOVEMENT IN THE STOCK
Aarti industries seems bullish as it broke trend line. as soon as it will break 820, rounding bottom will complete. and ready for new highs as denoted by black horizontal lines.
📈 AARTI Ind. Ltd. 📉
This Stock Broke out from a resistance zone of 900-920 which was acting as a support also Nov and Dec 2021.
Bias - Long
Target - 1022, 1107, 1156
SL - 900
RR- 1:4
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer :...
NSE:AARTIIND
Trade Setup for 10-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up...
NSE:AARTIIND
Trade Setup for Date 27-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid...
NSE:AARTIIND
Observations:
1)On 1hr Time Frame: It has given a breakout of Triangle pattern but it has a followup red candle. Only good thing about it is that the followup red candle already took support from the triangle resistance line.
Please refer below chart : 1hr time frame.
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Trade Setup for Date 14-09-2021:...
NSE:AARTIIND
Observations:
1) On 1 hr Time frame, if you can see that it has been taking support from 900-901 level and making lower highs. And it is forming descending triangle pattern.
Please refer below chart : 1 hr time frame.
2)On Daily Time frame you can see that 900 level range was earlier working as resistance and now it has been working as...
The pattern has been repeating itself and has been systematically rising within the Parallel Channel.
Expecting a good move as in the past above 1625 (neckline)
Fundamentally Stock looks over valuated (288crs TTM Profits *20 times) 4560crs vs Market Cap 6,740crs
Even at 30x Market Cap should be around 6840crs
Technically Stock has shown Flag and Pole Breakout on Monthly chart.
Target - 870
Stoploss – 625 (Weekly Close)
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
A Cup & Handle pattern has been formed and on its way to breakout level. Needs to break the resistance at 1130 which has been tested multiple time, once supported by volume the target can be achieved with no major resistance ahead.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be...
![AARTIIND: Simple Trade Setup | AARTI INDUSTRIES | 10-01-2022 [INTRADAY]](https://s3.tradingview.com/n/NyLHwhsw_mid.png "Simple Trade Setup | AARTI INDUSTRIES | 10-01-2022 [INTRADAY]")
![AARTIIND: Simple Trade Setup | AARTIIND | 27-09-2021 [INTRADAY]](https://s3.tradingview.com/t/tfEbZGk8_mid.png "Simple Trade Setup | AARTIIND | 27-09-2021 [INTRADAY]")
