Aartiindlong
#artiind break out trade NSE:AARTIIND
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.
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AARTIIND - Bullish EngulfingKindly refer chart for trades
Stock PCR is at 0.394 which makes it strong bullish
Though the trend is not supportive for an upward movement if one closely looks at the price action on a daily time frame there can be a reversal trade as a consolidation zone has been formed and if we get a breakout on the upside then one should definitely initiate the trade.