Cup with handle chart pattern formed in Aarti Industries.
In previous trade we found double bottom and got an awesome trade and now this time cup with handle chart pattern on a daily time frame.
Levels are market on chart.
After a major consolidation AARTI industries is ready to roar, and this time it has two confirmations one being a giant harmonic pattern and second a long base formation, I'd keep it in my portfolio for long term! NSE:AARTIIND
Probable candidate for Bullish Inverted Head & Shoulder Breakout in NSE:AARTIIND for reward of around 140 rs.
one can look into it to make a bullish position once the stock NSE:AARTIIND closed above the neck line.
I will update the entry, target and stoploss once the breakout completed
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
All the levels are mentioned with trend line
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. This is purely for Educational purpose and for your further analysis.
Long Aarti industry after the decisive break out of multiple conflux areas including the crossing of 200 EMA. This is a good entry point. The risk to reward in this trade is 1:6. RSI range above 60 is again the bullish sign. This is for your educational purpose only.
Aarti industries limited is giving breakout on falling trendline resistance and on horizontal resistance trendline and close above on both resistances, the volumes are gaining on regular intervals so we can see an upward rally in this looking bullish trend will continue.
CAUSE OG LONG-:
1- Falling resistance trendline breakout.
2- Horizontal resistance...
Aarti Industries - LONG Swing Trade Analysis
1. On the daily timeframe it has already done the breakout, for weekly almost it breaks the current downtrend.
2. upcoming week there may be some retracement based on the pharma sector.
3. Something is cooking on the Nifty Pharma, Hope after Nifty auto, Bank... pharma will start its rally from next week.
4. If Nifty...
The stock is looking bullish. Should take the support first from the breakout trendline. All levels are mentioned on the charts.
Only for learning and sharing purposes, not a trading advice.
Always think twice before taking a trade while putting your money at risk.
Work seriously on money management in every trade.
All the best.
Current price correction of 43% and finding support at 61.8% FR Retracement level are in line with past major corrections. RSI is also turning from its historical Oversold zone. The stage is set for a turnaround in the stock. One can look to invest for a longer term target of a new all time high on the stock with a stop loss of Rs.650!
look at this beautiful setup aarti industries stock in down trend consolidation phase where at same time we can see strength in RSI as divergence.
look at current resistance, one can long after this breakout, stop loss previous swing low on closing basis. First target above resistance and above that resistance long way to go.
Aarti industries is a fundamentally strong bullish stock is in the best possible correction zone following the three drive pattern. As per my analysis this is the best time to buy as it is near 1.618 retracement phase.