Aarti Industries Limited : Chemical Manufacturing Company ( NSE:AARTIIND ) is Making Vertical Rectangular Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke...
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...
Aarti Industries has been a true wealth generator and leading company in its segment. It has been on a good upward channel and one can ride the trend by buying whenever the channel support is tested. CMP 1206.
Note: This is for educational purpose only.
There is a bullish engulfing pattern formed at crossover of 20 EMA and 50 EMA. Usually 20 EMA/ 50 EMA act as short term support/ resistance. Moreover, RSI is above 60 which indicates bullish momentum.
CMP = 953
Upside (most likely)
Target = 1070 (10%)
Below 916 can correct down to 850 (doesn't seem likely however be cautious and cut your loss in time based on your risk appetite)
Help Me to Help Us.
I believe in keeping the chart simple with minimal drawings & easy to interpret.
So kindly express any disagreement & improvements so that we learn &...
Time frame 1 day.
There are no doubts about the fundamentals of this security but due to its poor quarterly results, the stock is falling for the last 3 days.
Today it fell nearly 6% and some institutional player has sold in large quantities as we can see in volume.
This seems to be in good valuation below 900 but at the same time, you can accumulate this stock...