📊 Details
Established in the year 1984 and a part of $1000 million Aarti Group of Industries, Aarti Drugs Ltd. (ADL) is engaged into manufacturing and selling Active Pharmaceutical Ingredients (API's), Pharma Intermediates, Specialty Chemicals as well as Formulations.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI...
📊 Pattern: Rising Channel
📌 Symbol/Asset: AARTIDRUG
🔍 Description:
If bounce back from support it may touch 500 levels.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Chart is self explanatory.
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.
Kindly read the text on the chart this stock didn't perform last year also so avoid this stock if you have any position then invest it some where else
this is not a trade recommendation.
NSE:AARTIDRUGS
Aarti Drugs Ltd - 05.08.2022
The stock is trading @ 426 levels
The prices are above EMA
There is a DOJI in Weekly Chart
There is a RESISTANCE ZONE @ 428 levels
Let the prices go above 444 levels
Watch out for the price action
Aarti Drugs Ltd - 13.05.2022
The stock is trading @ 424.50 levels
Stochastic is oversold in Daily Chart
The prices are BELOW EMA
There is a SPINNING TOP in Daily Chart
The stock has a SUPPORT @ 396
Let the prices go above 455 for initiating a BUY Position
watch out for the price action
Aarti drugs is currently trading at 40 % discount from its 52 week high. It might be a good bet with SL of 495. It forms a triangle pattern and near breakout.
Aarti Drugs Ltd - 01.04.2022
The stock is trading @ 459 levels
The prices are above EMA
There is a HAMMER in Weekly Chart
There is a STOCHASTIC BULLISH DIVERGENCE in Weekly Chart
RSI looks good in Weekly Chart
Let the prices go above 473
One can initiate a BUY Position > 473 with support @ 451
watch out for the price action
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...
Aarti Drugs Ltd - 07.01.2022
The stock is trading @ 523 levels
There is a HAMMER @ Support in Weekly Chart
The prices are below EMA
Let the prices go above 532
watch out for the price action
Aarti Drugs Ltd - 31.12.2021
The stock is trading @ 544 levels
There is a Resistance zone @ 540 levels
The prices are above EMA
Stochastic is oversold in Monthly chart
555 is a crucial level on the charts
watch out for the price action
Aarti Drugs Ltd - 17.12.2021
The stock is trading @ 530 levels
The prices are below EMA
There was a MACD Bullish Divergence in Weekly Chart which was confirmed during the week gone by
The prices have tested the 528 levels
There is a HAMMER in hourly chart
Let the prices go above 555
Watch out for the price action
AARTIDRUGS short term investment - trading opportunity
Expecting bounce from daily level to give target till sideways boundary
Investment horizon 2-3 months holding
My 2nd pick I hold for short term is AARTIDRUGS. As per my analysis the stock is trading in the strong support zone and can make a run from here for a decent returns in a short time.
Note: I am not an advisor - its only for educational purpose and not a call or advise.
![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]")
