AARTIIND
AARTIIND is Making Vertical Rectangular Channel PatternAarti 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 this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
AARTI IND LTD - Cup & Handle BREAKOUTA 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 considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
Aarti Industry - Bullish Engulfing with Moving Average CrossoverNote: 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.
Aarti Industries (Attractive after recent correction)CMP = 953
Upside (most likely)
Above 974
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)
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So kindly express any disagreement & improvements so that we learn & earn together.
More accuracy more profit potential & controlled loss.
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
Why Aarti Industries fell?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 at this price also.
RSI giving a negative signal as stock can correct more but stock is currently trading at its strongest support zone also at the 200dema's support.
The stock has given very good growth in the last 5 years and you can also buy it for the long term.
If any suggestions left, you may ask in the comment box below.