AARTI DRUGS - Price Observation & OverviewPrice Observation & Overview:
1. Currently reacting from the supply zone and trendline.
2. Volumes are dry!
3. Earnings are weak.
4. Buying strength is lacking at the moment.
Plan:
1. Wait and observer.
2. Will try to update a follow-up review post in the next week if found anything interesting and significant...
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
AARTIDRUGS
AARTI DRUGS - Monthly Chart - LongAarti Drugs Ltd (NSE: AARTIDRUGS) has been trading within a well-defined parallel channel on the monthly timeframe since 2009. The stock is currently at the bottom of the channel, having successfully retested the channel support. This retest could signify a potential bounce, presenting a long-term buying opportunity.
The RSI is also on an upward trajectory.
Sharing this analysis for Long-Term investors.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions.
AARTIDRUGS | Swing Trade📊 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 registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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📈 Exciting Bullish Pattern Alert! 🐂📊 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.
Aarti Drugs Ltd - 13.05.2022Aarti 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 Ltd - 01.04.2022Aarti 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
Simple Trade Setup | AARTI INDUSTRIES | 10-01-2022 [INTRADAY]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 or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Aarti Drugs Ltd - 17.12.2021Aarti 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